Vistra Energy (VST) has provided an announcement.
Vistra Corp. has successfully completed its merger with Energy Harbor, making the latter a fully-owned subsidiary within Vistra’s newly formed entity, Vistra Vision LLC. As part of this strategic move, shareholders were allowed to exchange shares for equity in Vistra Vision, with the merger financially backed by Vistra’s cash reserves and borrowing facilities. In addition, Vistra’s board has expanded and appointed nuclear industry veteran John W. Pitesa, who brings a wealth of experience and will chair the newly established Nuclear Oversight Committee.
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