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Energy names may be suffering, but NRG Energy (NRG) is +7.2% following news of its $1.7B...
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Monday, July 23, 2012, 10:10 AM ETEnergy names may be suffering, but NRG Energy (NRG) is +7.2% following news of its $1.7B purchase of GenOn Energy (GEN +24.2%). "Another great acquisition for NRG, with announced synergy value paying for 67% of deal equity cost," says Tudor Pickering Holt. NRG also declared its first ever quarterly dividend.
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