NRG Energy, Inc. Signed a $1.7 Billion Definitive Agreement to Acquire GenOn Energy, Inc.

August 27, 2012 16:09 by David Patterson in M&A  //  Tags: ,   //   Comments (0)

NRG Energy, Inc. ("NRG") signed a definitive agreement to acquire GenOn Energy, Inc. ("GenOn") on July 22, 2012.  According to the transaction, GenOn shareholders will receive 0.1216 of a share of NRG common stock in exchange for each GenOn share of common stock.  This represents a 20.6% premium to GenOn's shareholders over the July 20 closing share price.

According to Capital IQ, the implied trailing twelve month EBITDA multiple for the transaction is 5.8x.  For additional information, please read more.

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