ATLANTA and HOUSTON, Oct. 25
/PRNewswire-FirstCall/ -- Mirant Corporation (NYSE: MIR) and RRI
Energy, Inc. (NYSE: RRI) announced today that stockholders of both
companies have approved the proposals related to their proposed
merger to form GenOn Energy, Inc. All proposals considered at each
company's special meeting of stockholders passed by substantial
margins.
The merger remains subject to customary closing conditions,
including the completion of review and clearance by the U.S.
Department of Justice under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended.
Mirant and RRI Energy expect to complete the merger by the end
of the year.
About Mirant Corporation
Mirant is a competitive energy company that produces and sells
electricity in the United States.
Mirant owns or leases more than 10,000 megawatts of electric
generating capacity. The company operates an asset management and
energy marketing organization from its headquarters in Atlanta. For more information, please visit
http://www.mirant.com.
About RRI Energy, Inc.
RRI Energy, based in Houston,
provides electricity to wholesale customers in the United States. The company is one of the
largest independent power producers in the nation with more than
14,000 megawatts of power generation capacity across the United States. These strategically located
generating assets use natural gas, fuel oil and coal. RRI Energy
routinely posts all important information on its Web site at
http://www.rrienergy.com.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are typically identified by words
or phrases such as "will," "anticipate," "estimate," "expect,"
"project," "intend," "plan," "believe," "target," "forecast," and
other words and terms of similar meaning. These forward-looking
statements involve a number of risks and uncertainties. RRI Energy
and Mirant caution readers that any forward-looking statement is
not a guarantee of future performance and that actual results could
differ materially from those contained in the forward-looking
statement. Such forward-looking statements include, but are not
limited to, statements about RRI Energy's and Mirant's plans,
objectives, expectations and intentions, the expected timing of
completion of the transaction, and other statements that are not
historical facts. Important factors that could cause actual results
to differ materially from those indicated by such forward-looking
statements are set forth in RRI Energy's and Mirant's filings with
the Securities and Exchange Commission (SEC). These include risks
and uncertainties relating to: the risk that Mirant or RRI Energy
may be unable to obtain governmental and regulatory approvals
required for the merger, or required governmental and regulatory
approvals may delay the merger or result in the imposition of
conditions that could cause the parties to abandon the merger; the
risk that a condition to closing of the financing or merger may not
be satisfied; the ability to resolve any litigation related to the
merger; the timing to consummate the proposed merger; general
worldwide economic conditions and related uncertainties; and the
effect of changes in governmental regulations; and other factors
discussed or referred to in the "Risk Factors" section of the joint
proxy statement/prospectus that is included in the Registration
Statement on Form S-4 (Registration No. 333-167192) that was filed
by RRI Energy with the SEC in connection with the merger, and of
each of RRI Energy's and Mirant's most recent Annual Report on Form
10-K and Quarterly Report on Form 10-Q filed with the SEC. Each
forward-looking statement speaks only as of the date of the
particular statement and neither RRI Energy nor Mirant undertakes
any obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or
otherwise.
Additional Information and Where to Find It
In connection with the proposed merger between RRI Energy and
Mirant, RRI Energy filed with the SEC a registration statement on
Form S-4 that includes a joint proxy statement of RRI Energy and
Mirant and that also constitutes a prospectus of RRI Energy. The
registration statement was declared effective by the SEC on
September 13, 2010. RRI Energy
and Mirant urge investors and shareholders to read the registration
statement, and any other relevant documents filed with the SEC,
including the joint proxy statement/prospectus that is a part of
the registration statement, because they contain important
information. You may obtain copies of all documents filed with the
SEC regarding this transaction, free of charge, at the SEC's
website (www.sec.gov). You may also obtain these documents, free of
charge, from RRI Energy's website (www.rrienergy.com) under the tab
"Investor Relations" and then under the heading "Company Filings,"
and from Mirant's website (www.mirant.com) under the tab "Investor
Relations" and then under the heading "SEC Filings."
SOURCE Mirant Corporation
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