Mergers & Acquisitions ·
Vistra completes acquisition of Cogentrix Energy for $2.2B cash plus 5M shares
VSTVistra Corp.
Vistra completed the acquisition of Cogentrix Energy, adding approximately 5,500 MW of modern natural gas generation capacity across PJM, ISO New England, and ERCOT markets. The transaction involved a total consideration of approximately $2.2 billion in cash (net of working capital adjustments and acquired cash) plus 5,000,000 shares of Vistra common stock valued at $185 per share. Concurrently, Vistra assumed approximately $1.7 billion of the target's outstanding indebtedness under two credit agreements and intends to fully repay these loans by November 5, 2026. This deal expands Vistra’s total generation portfolio to nearly 50,000 MW. Vistra is a leading integrated retail electricity and power generation company.