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NRG Energy Announces $950 Million Accelerated Share Repurchase
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NRG Energy, Inc. announced today that it has entered into accelerated share repurchase (ASR) agreements with multiple dealers to repurchase $950 million of NRG’s common stock.
Under the ASR agreements, NRG will pay $950 million to the dealers and receive shares of NRG’s common stock from each dealer on the specified settlement dates. NRG expects to receive over 80% of the shares to be repurchased during the initial settlement period. The total number of shares purchased by NRG pursuant to the ASR agreements will generally be based on the volume-weighted average prices of NRG’s common stock during the term of each ASR agreement, less a discount. The final settlement of the transactions is expected to occur in the first quarter of 2024
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November 6, 2023
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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