NextEra is said to near record $66 billion deal for Dominion Energy
NextEra Energy is reportedly in talks to acquire Dominion Energy for approximately $66 billion in a mostly stock deal, which would mark the largest utility acquisition on record. The merger could be announced soon, with NextEra offering about 0.8 of its shares for each Dominion share. The transaction, including debt, would have an enterprise value of around $116 billion, reflecting consolidation trends in the U.S. power industry amid rising electricity demand.
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