M&A Review: NRG MERGES With GenOn, Peet’s BOUGHT By German Firm

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Here are Monday’s top mergers and acquisitions:

NRG Energy, Inc. (NYSE:NRG) is conducting a merger with GenOn Energy, Inc. (NYSE:GEN), which will create the largest competitive power generation company in the United States. Shareholders of the latter will receive 0.1216 of a share of NRG common stock for each GenOn share of common stock, which represents a 20.6% windfall to GenOn shareholders. NRG shareholders will thus own 71 percent of the combined firm, and GenOn shareholders will own 29 percent.

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DigitalGlobe, Inc. (NYSE:DGI) and GeoEye, Inc. (NASDAQ:GEOY) are set to merge in a stock-and-cash transaction worth approximately $900 million, which will establish “a global leader in earth imagery and geospatial analysis with a more diversified revenue base, a superior financial foundation and significant growth potential.” The deal represents a 34 percent premium to GeoEye’s Friday closing price.

Peet’s Coffee & Tea, Inc. (NASDAQ:PEET) is being bought by the German holding company Joh A. Benckiser, for $73.50 per share in cash, or $1 billion. The price yields a 28.6 percent bonus to Peet’s Friday closing price. Peet shares were halted for a period, but are popping in mid-afternoon.

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