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Why Dominion Energy Stock Jumped Today

TheMotleyFool

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Why Dominion Energy Stock Jumped Today: https://g.foolcdn.com/editorial/images/870865/electricity-gettyimages-858316674.jpg

Shares of Dominion Energy (NYSE: D) climbed on Monday after the electricity provider struck a deal to be acquired by power infrastructure giant NextEra Energy (NYSE: NEE).

Image source: Getty Images.

Under the terms of the agreement, Dominion investors would receive 0.8138 shares of NextEra for each share of Dominion they own. That represents a premium of about 23% compared to the stocks' closing prices on Friday. The deal values Dominion at approximately $67 billion.

Source Fool.com