A major energy company acquisition could be announced within days, according to a weekend report from Bloomberg News. NextEra Energy is reportedly in negotiations to purchase Dominion Energy through a primarily stock-based transaction valued at roughly $66 billion.
The proposed deal would price Dominion shares at approximately $76 each, with NextEra offering roughly 0.8 shares of its own stock for every Dominion share currently outstanding, according to the Bloomberg report. The transaction could potentially be revealed as soon as Monday.
The acquisition would involve NextEra, a U.S. power company, taking over the smaller Virginia-based utility company. Reuters was unable to independently confirm the Bloomberg report at this time.
