Elliott Management, described as an "activist investor" by Reuters, and Bluescape Energy Partners, a private equity company, have taken stakes in NRG Energy and have said in SEC filings that, "strategic initiatives," may enhance shareholder value

The groups called NRG "undervalued," and, "that there exist numerous opportunities to significantly increase shareholder value, including operational and financial improvements as well as strategic initiatives."

The groups said that they are initiating a "dialogue" with NRG management and the Board of Directors to address these opportunities as well as implement "appropriate" Board-level oversight

See Reuters for more:

BRIEF-Elliott reports stake in NRG Energy, teams up with Bluescape to initiate talks with NRG

Elliott, private equity firm buy stakes in NRG Energy

Tags:
NRG Energy   M&A  

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