Though the merger between Mirant (MIR +4.4%) and RRI Energy (RRI +6.1%) doesn't provide...

|By:, SA News Editor

Though the merger between Mirant (MIR +4.4%) and RRI Energy (RRI +6.1%) doesn't provide shareholders of either company with much of a premium, the expected $150M in annual savings is a significant catalyst for the deal in an industry hit hard by weak electricity prices.