Antitrust Concerns Loom Over Vistra And Energy Harbor's Multi-Billion Dollar Deal
Portfolio Pulse from Nabaparna Bhattacharya
The U.S. Justice Department is scrutinizing Vistra Corp.'s (NYSE:VST) planned $6.3 billion acquisition of Energy Harbor Corp. due to potential antitrust concerns. The deal could significantly increase Vistra's nuclear capacity, but the Justice Department's Antitrust Division fears it may lessen competition and increase wholesale electricity prices. The Department has not yet concluded whether the proposed transaction violates antitrust laws.
August 25, 2023 | 2:06 pm
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Vistra Corp.'s planned acquisition of Energy Harbor Corp. is under scrutiny by the U.S. Justice Department due to potential antitrust concerns. This could delay or even halt the deal, potentially impacting Vistra's stock price.
The U.S. Justice Department's scrutiny of Vistra's planned acquisition due to potential antitrust concerns could delay or even halt the deal. This uncertainty could negatively impact investor sentiment and thus Vistra's stock price in the short term.
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