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NRG and GenOn to merge

23 July 2012

NRG Energy and GenOn Energy have agreed an all-share merger, bringing together former high-flying generation companies Mirant, Reliant Resources, Texas Genco and NRG into a single entity. NRG, which will be the name of the merged entity, is offering 0.1216 of its own shares for each GenOn share, a 20.6% premium to GenOn’s closing price on 20 July. NRG shareholders will...


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