Power company Mirant Corp. on Wednesday sued rival energy producer NRG Energy Inc., claiming that NRG is unfairly rejecting its nearly $8 billion takeover bid. Mirant sought a court order in Delaware directing NRG not to obstruct its acquisition attempts, asserting that NRG is using a "transaction ploy" to turn aside the offer by claiming that Mirant is using confidential information from NRG's former financial adviser.
June 01, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Power company Mirant Corp. on Wednesday sued rival energy producer NRG Energy Inc., claiming that NRG is unfairly rejecting its nearly $8 billion takeover bid.
Atlanta-based Mirant sought a court order in Delaware directing NRG not to obstruct its attempts to acquire NRG. Mirant asserted that NRG is using a “transaction ploy” to turn aside the offer by claiming that Mirant is using confidential information from NRG’s former financial adviser.
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