NextEra-Dominion Deal Spread Tightens to 2.1% Ahead of July 24 Results
NextEra Energy finished Friday up 1% at $87.96. The company set July 24 for its first earnings report since its deal to buy Dominion Energy. Based on Friday’s close, the offer’s share portion was worth $71.58 per Dominion share. That put the stock-only deal spread at 2.14%, lower than the 3.07% seen the week before.