|[July 24, 2012]
GenOn Energy, Inc. (GEN) Is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of GenOn
Energy, Inc. ("GenOn" or the "Company") (NYSE: GEN) for potential
breaches of fiduciary duties in connection with their conduct related to
the sale of the Company to NRG Energy, Inc. ("NRG") (NYSE: NRG) in a
stock-for-stock deal valued at approximately $1.7 billion. Under the
terms of the proposed transaction, GenOn stockholders will receive
0.1216 of NRG share for each share of GenOn common stock they own. The
agreement values the proposed consideration at approximately $2.37 a
share based on NRG's Monday's close, while according to Yahoo! Finance,
at least one financial analyst has set a price target of $4.50 for GenOn.
Request more information now by clicking here: www.fauqilaw.com/GEN.
There is no cost or obligation to you.
Whether GenOn's Board of Directors breached their fiduciary duties to
the Company's stockholders by failing to conduct an adequate and fair
sales process prior to agreeing to this proposed transaction, whether
the proposed transaction undervalues GenOn's shares and by how much this
proposed transaction undervalues the Company to the detriment of GenOn's
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in GenOn and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
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