At 6.3x GenOn's (GEN +25.8%) estimated 2013 EBITDA, NRG's (NRG +8.3%) merger with GenOn was...

|About: NRG Energy, Inc. (NRG)|By:, SA News Editor

At 6.3x GenOn's (GEN +25.8%) estimated 2013 EBITDA, NRG's (NRG +8.3%) merger with GenOn was completed at an attractive price, Wunderlich says; ~$200M of operating cost savings are expected, with an additional $100M of interest and capital cost savings. Barclays upgrades NRG to Overweight with a $22 price target, up from $19. (also)