NRG Energy, Inc. To Acquire Vivint Smart Home, Inc. For $12/Share In Cash
Author: Bill Haddad | December 06, 2022 07:03am
NRG Energy, Inc. (NYSE:NRG) and Vivint Smart Home, Inc. (NYSE:VVNT) today announced they have entered into a definitive agreement under which NRG will acquire Vivint for $12 per share or $2.8 billion in an all-cash transaction with an implied multiple of 6.3x run-rate Enterprise Value to Adjusted EBITDA. The agreement has been unanimously approved by the boards of directors of both companies.
Posted In: NRG VVNT