NextEra discussing $66B deal for Dominion Energy: – Business News
US energy firm NextEra Energy is discussing a largely stock deal for Dominion Energy that will worth the smaller Virginia-based utility at about $76 per share, or round $66 billion, Bloomberg News reported on Sunday.
The offer represents a premium of roughly 21% to Dominion’s closing price on Friday, in keeping with Reuters calculations.
NextEra would exchange about 0.8 per share of its stock for every excellent share of Dominion, in a deal that may very well be introduced as quickly as Monday, the Bloomberg report added.
NextEra Energy is reportedly discussing a largely stock deal for Dominion Energy that will worth the smaller Virginia-based utility at about $76 per share. REUTERS
While NextEra plans to pay largely stock, the deal would additionally embrace a small money part, the report stated, including that NextEra shareholders would own about 75% of the mixed company.
Reuters couldn’t instantly confirm the report. The corporations didn’t instantly reply to Reuters’ requests for remark outdoors common business hours.
A tie-up between the 2 would create one of the biggest energy corporations within the US by market worth.
NextEra shareholders would own about 75% of the mixed company, Bloomberg News reported. Getty Images
Power consumption within the US is set to climb over the following two years, pushed by demand by AI data-center operators. AP
Florida-based NextEra, one of the world’s largest vitality builders, has a market capitalization of $194.69 billion, in contrast with about $54.29 billion for Dominion, in keeping with LSEG information.
The information of the merger was first reported by the Financial Times on Friday, which stated, citing sources, that a deal would create a company valued at about $400 billion together with debt.
Record US energy consumption in 2025 is set to climb additional over the following two years because the AI increase drives data-center operators to lock in utility provide offers, boosting sector earnings amid rising demand.
