Infrastructure
NRG-Reliant, When A Deal Looks Done (NRG, RRI, EXC)
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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
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