Market Chatter: NextEra in Talks for Deal Valuing Dominion Energy at $66 Billion; Shares Up Pre-Bell

MT Newswires Live05-18

NextEra Energy (NEE) is in talks for a mostly stock deal for Dominion Energy (D) that would value the company at $76 a share, or approximately $66 billion, Bloomberg News reported Sunday, citing people familiar with the matter.

NextEra is expected to exchange about 0.8 per share of its stock for each Dominion outstanding share, the unnamed sources told the news outlet.

The deal, which is also likely to include a small cash component, could be announced as soon as Monday, according to the report.

NextEra and Dominion didn't immediately respond to MT Newswires' requests for comment.

Dominion Energy shares were up 12% in premarket activity Monday, while NextEra fell 1.1%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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