Market Updates

NRG Agreed to Acquire Vivint Smart Home for $5.2 Billion

Scott Peters
06 Dec, 2022
New York City

    NRG Energy dropped 17.1% to $33.89 after the company said it plans to acquire Vivint Smart Home for $12 a share or $2.8 billion and assumption of $2.4 billion in debt net of cash.

    Vivint soared 32.5% to $11.90.

    NRG also said it plans to complete its remaining $360 million of its stock purchase under the $1.0 billion plan and use the excess free cash flow in 2023 to fund the acquisition and the related debt.

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