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BRIEF-Nextera Energy Inc says Energy Future Holdings Corp and Energy Future Intermediate Holding Co provided written notice terminating agreement and plan of merger
July 10, 2017 / 12:41 PM / 5 months ago

BRIEF-Nextera Energy Inc says Energy Future Holdings Corp and Energy Future Intermediate Holding Co provided written notice terminating agreement and plan of merger

July 10 (Reuters) - Nextera Energy Inc:

* Nextera Energy Inc - on July 6, energy future holdings corp and energy future intermediate holding company provided written notice terminating agreement and plan of merger

* Nextera energy- notice stated termination of deal shall cause automatic termination of amended, restated plan support agreement, dated Sept 19, 2016

* Nextera Energy Inc - notice stated termination of merger agreement shall cause, among other things, automatic termination of oncor letter agreement

* Nextera Energy- pursuant to section 8.2(a), section 8.3 of agreement, EFH and EFIH (acting together) hereby terminate merger agreement

* Nextera Energy - EFH, EFIH do not believe that section 8.2(a), section 8.3 are exclusive bases for termination by EFH and EFIH of merger agreement

* Nextera Energy-co, merger sub do not agree claimed termination of deal pursuant to section 8.3 by EFH, EFIH represents valid or effective termination

* Nextera Energy Inc - co, merger sub dispute any assertion that “any other bases for termination of merger agreement” by EFH or EFIH exist

* Nextera Energy-with exception of deal termination by EFH, EFIH, pursuant to section 8.2(a), co, merger sub expressly reserve their rights in all respects Source text: (bit.ly/2tZyJok) Further company coverage:

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