m_and_a
confidence high
sentiment positive
materiality 1.00
NextEra Energy to acquire Dominion Energy for 0.8138 shares + ~$360M cash
DOMINION ENERGY, INC
- Consideration per share: 0.8138 NextEra shares plus pro rata share of $360M aggregate cash.
- Deal requires shareholder votes from both companies; regulatory clearances from FERC, NRC, VA, NC, SC commissions.
- NextEra to appoint four Dominion directors to its board; headquarters in Richmond, VA and Cayce, SC maintained.
- Termination fees: Dominion pays $2.24B; NextEra pays $6.52B (certain terminations) or $4.83B (regulatory failure).
- Closing targeted by Nov 15, 2027, extendable to Aug 15, 2028; Series C preferred to be redeemed if after Jan 15, 2027.
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