Infrastructure
NRG-Reliant, When A Deal Looks Done (NRG, RRI, EXC)
Published:
Last Updated:
The US Department of Justice and the Federal Trade Commission have granted NRG Energy, Inc. (NYSE:NRG) early termination of the Hart-Scott-Rodino Act waiting period related to NRG’s proposed acquisition of the Texas retail business of Reliant Energy Inc. (NYSE:RRI). NRG expects to close the $287.5 million deal during the second quarter of 2009. That is, NRG expects to close the deal unless Exelon Corp. (NYSE:EXC) trumps it by acquiring NRG. Shares in all three companies are down marginally this morning.
Paul Ausick
April 1, 2009
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.