VVNT - Vivint Smart Home ticks higher amid NYSE delisting notice on NRG deal

2023-03-06 12:44:05 ET

• Vivint Smart Home ( NYSE: VVNT ) ticked up 0.4% after a New York Stock Exchange delisting notice amid the company's planned sale to NRG Energy ( NYSE: NRG ).
• A NYSE delisting notice indicates the effective date for Vivint's ( VVNT ) delisting from the exchange is Friday.
• The update comes as some investors and analysts were concerned at one point that last month's jury verdict against Vivint ( VVNT ), which agreed to sell itself to NRG Energy ( NRG ) in December, may cause NRG to seek a price cut or try to terminate the deal. Those fears appeared to be allayed last Wednesday when NRG said it intends to use proceeds from a $740 million notes offering to partially fund the purchase of Vivint Smart .
• Vivint Smart ( VVNT ) short interest is 15.5%.
• NRG Energy ( NRG ) agreed to acquire Vivint Smart or $12/share, or $5.2 billion in cash and debt, in December.

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