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https://www.wsj.com/articles/nrg-energy-to-buy-vivint-smart-home-for-2-8-billion-11670329511
NRG will look to cross-sell and bundle the two companies’ energy and home-security products
NRG Energy Inc. said it agreed to buy home-security business Vivint Smart Home Inc. for $2.8 billion, as the energy-services company pushes to have a presence in more American homes.
NRG said Tuesday it would pay $12 a share for Vivint, which offers integrated home systems that include security, lighting and other services. The price marks a 33% premium to Vivint’s closing price on Monday of $8.99 a share. Including debt, the companies put the total deal value at $5.2 billion.
