Market Overview

NRG Energy to Acquire Edison Mission Energy for Aggregate Purchase Price of $2.635B


NRG Energy, Inc. (NYSE: NRG) has entered into a plan sponsor agreement
with Edison Mission Energy (EME), certain of EME's subsidiaries, the
unsecured creditors committee, certain of EME's unsecured noteholders,
and the parties to the Powerton and Joliet sale leaseback transaction to
acquire substantially all of the assets of EME, including its equity
interests in certain of its subsidiaries, for an aggregate purchase
price of $2,635 million (or $1,572 million net of $1,063 million
retained cash within EME). The aggregate purchase price, which is
subject to certain post-closing adjustments, will consist of
approximately 12.7 million shares of NRG common stock (valued at $350
million based upon the volume-weighted average trading price of the 20
trading days prior to

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Posted-In: Earnings News Guidance Contracts Buybacks Legal Management M&A


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