Dive Summary:
- NRG Energy's acquisition of GenOn Energy has been consented to by both sets of shareholders.
- With the $1.94 billion deal, the merger of the two companies will give rise to the country's largest energy generation company.
- The deal is expected to be completed by first quarter in 2013, pending approval from the Federal Energy Regulatory Commission and the New York Public Service Commission.
From the article:
"NRG Energy Inc. said Friday that its pending acquisition of GenOn Energy Inc. has been approved by shareholders of both companies.
NRG in July announced plans to buy the wholesale power provider in an all-stock deal worth about $1.94 billion. ..."
