Mirant MIR
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New Morningstar Analyst Report - NRG Energy
… 7 billion acquisition of GenOn Energy in 2012. The GenOn deal is a telling about-face for the two companies. In 2006, Mirant , which merged into GenOn Energy, made a $7.9 billion all-stock offer for NRG, a 30% premium at the time, but Crane …
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New Morningstar Analyst Report - Southern
… international power like so many of its peers in the late 1990s. The company's eventual spin-off of troubled subsidiary Mirant in 2001 was a nice feat of timing before the Enron collapse. Since then, management has operated Southern's nonregulated …
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Southern Reports Mostly Flat Earnings Despite Healthy Signs From the Southeast Economy
… versus $0.71 per share in the prior-year period. A $0.02 per share gain from an insurance collection related to the Mirant bankruptcy bumped earnings to exactly flat on a GAAP basis. Southern's best-in-class investment program continued to …
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New Morningstar Analyst Report - GenOn Energy
… GenOn redeemed a $535 million legacy Mirant note in 2011 with cash, cutting down ..... independent power producer when he joined Mirant as it was heading out of bankruptcy in ..... created by the December 2010 merger of Mirant and RRI Energy. Our high fair value uncertainty …
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NRG Offers All-Stock Buyout for GenOn Energy
… who will remain CEO and chairman, and GenOn Energy CEO Ed Muller have a history dating back to 2006 when Muller's then- Mirant made a hostile bid worth $8 billion and a 33% premium to NRG's stock price at that time for Crane's NRG that ultimately …
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GenOn Energy: The Energy Asset Play Value Investors Have Been Looking For
… other market services to wholesale electricity customers in the United States. Recently formed by the merger of RRI Energy and Mirant Energy in December of 2010, the stock price has been battered since inception. There have been some recent bright spots …
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A Utility Merger With Upside… announced that they were merging with Mirant , another unregulated utility. At the ..... of all, big picture question: RRI and Mirant are both unregulated utilities. What's ..... its sort of deceiving to call RRI and Mirant un regulated generators because they have …
ago, RRI Energy, an unregulated utility, announced that they were merging with Mirant , another unregulated utility. At the time, I wrote this option strategy, a bullish option strategy on RRI, and I just wanted to ask you a little bit about that. Barnett : Sure. Kobayashi-Solomon : First of all, big picture question: RRI and Mirant are both unregulated utilities. What's the difference between an unregulated and a regulated utility? Barnett : That's a good place to start.: Exactly. And while its sort of deceiving to call RRI and Mirant un regulated generators because they have to deal with environmental regulations, the power markets still operate under the overview of state governmentsand it's taken many a company down. Kobayashi-Solomon : So RRI and Mirant have announced they're going to merge. Can you tell me a little bit more about this merger? Barnett : Sure. Kobayashi-Solomon : -
GenOn's COO Mark Jacobs Steps Down, Leaving Potential Power Vacuum
… chairman Edward Muller into the CEO role in 2013. Jacobs, who was president and CEO of RRI Energy prior to the merger with Mirant that created GenOn, has extensive experience within the power industry. Prior to his role at RRI, he was a managing director …
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GenOn Provides First Guidance as Consolidated Company Above Our 2011 and 2012 Estimates
… the reverse merger, results for 2010 included 11 months of Mirant 's results as a stand-alone company and one month of the ..... our estimate. Based on the information provided, the legacy Mirant and RRI assets generated higher-than-forecast EBITDA, which …
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GenOn Energy Under Review
We are placing GenOn Energy GEN under review as we review the valuation impacts from the closing of the merger between Mirant and RRI Energy on Dec. 3, 2010.