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Report: NRG Hires Advisor to Evaluate Potential Sale
Report: NRG Hires Advisor to Evaluate Potential Sale
Feb 6, 2017
by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC. All rights reserved
On 2/3/17, SNL Energy reported that “NRG Energy Inc. has reportedly hired an adviser to evaluate a potential sale of the independent power producer for $25 a share, according to a Feb. 3 CNBC report also picked up by Bloomberg. During a broadcast on the financial news network around 1:20pm EST on Feb. 3, CNBC contributor Jon Najarian suggested that NRG’s intraday gain came as speculation mounted around NRG bringing on an adviser to evaluate a possible buyout at north of $20 per share. The stock peaked at $17.56 during the Feb. 3 session, before settling at $17.08 to close on Feb. 3, a 2.2% rise on the day. In an interview with Bloomberg in Houston on Feb. 3, NRG President and CEO Mauricio Gutierrez declined to comment on the CNBC report, but suggested the generator is in discussions with a group of activist shareholders led by Elliott Management Corp. and Bluescape Energy Partners LLC.”
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