NextEra Energy plans to acquire Dominion Energy in an all-stock deal that would create the world’s largest regulated electric utility business.
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NextEra Energy plans to acquire Dominion Energy in an all-stock deal that would create the world’s largest regulated electric utility business.
The biggest deal in utility history landed today, Monday, May 18. Financial Times and Bloomberg both reported over the May 15-16 weekend that NextEra Energy (NEE) is in advanced talks to acquire Dominion Energy (D) in a mostly stock-based deal worth roughly $400 billion in equity, with an ...
The deal would combine two of the largest U.S. utilities into an East Coast energy titan with territory in Florida, the Carolinas and Virginia.
Shares in Dominion Energy (D) are up roughly 10% after its bigger rival NextEra announced a deal to acquire it in a mostly stock deal valued at roughly $67 billion. NextEra Energy (NEE) shares are sliding about 5%.