NextEra plans to acquire Dominion for $66 billion, potentially setting the record for the largest power industry merger in history

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Mars Finance News, May 18 — According to reports, U.S. utility giant NextEra Energy is currently in negotiations to acquire competitor Dominion Energy. The proposed deal will mainly be conducted in the form of stock swaps, valuing Dominion at approximately $76 per share, with a total value of about $66 billion. If finalized, this will be the largest transaction in the power industry to date. NextEra plans to exchange approximately 0.8 of its own shares for 1 share of Dominion outstanding, with a small cash component included in the total deal. After the transaction is completed, NextEra’s shareholders will hold about 75% of the combined new company. (Venture Capitalist CLUB)

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