FTC Greenlights NRG's $2.6B Bankrupt Edison Mission Buy

Law360, New York (November 27, 2013, 1:42 PM EST) -- The Federal Trade Commission on Wednesday gave the thumbs-up to NRG Energy Inc.'s $2.6 billion purchase of virtually all the assets of bankrupt Edison Mission Energy, which will add nearly 8,000 megawatts of power generation to the electricity giant's portfolio.

The FTC said it had granted early termination status to the deal, announced in October, under the Hart-Scott-Rodino Antitrust Improvements Act after the commission and the U.S. Department of Justice's Antitrust Division determined not to take any enforcement action during the waiting period.

NRG will acquire EME's...
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