Vistra Enters Deal With Nuveen Asset Management And Avenue Capital To Acquire Their Combined 15% Equity Interest In Vistra Vision LLC For Undiscounted Purchase Price Of $3.248B Cash, To Be Paid In Five Installments
Portfolio Pulse from Benzinga Newsdesk
Vistra has agreed to acquire a 15% equity interest in Vistra Vision LLC from Nuveen Asset Management and Avenue Capital for $3.248 billion in cash, making it the sole owner of its subsidiary. The deal will not affect Vistra's capital allocation priorities, including share repurchases and dividend payments.

September 18, 2024 | 9:40 pm
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Vistra is acquiring a 15% equity interest in Vistra Vision LLC for $3.248 billion, making it the sole owner of its subsidiary. This acquisition will not alter Vistra's capital allocation priorities, including share repurchases and dividends.
The acquisition of the remaining 15% equity interest in Vistra Vision LLC will make Vistra the sole owner of its subsidiary, which includes valuable zero-carbon assets. This move is likely to be seen positively by investors as it consolidates Vistra's control over its assets. Additionally, the company's commitment to maintaining its capital allocation priorities, including share repurchases and dividends, suggests financial stability and shareholder value, which could positively impact the stock price.
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