NRG Energy reached an agreement to buy Texas Genco for about $5.8 billion in stock and cash. Under the deal, which brings together two US power firms with a combined 26,000 MW in generating capacity, NRG will also assume $2.5 billion of Texas Genco's debt. Skadden Arps Slate Meagher & Flom advised NRG Energy on the acquisition. The firm's team comprised lawyers in New York, Houston, Wilmington and Washington DC, including partners Erica Ward, John Ale, Clifford Naeve, Robert Pincus and Stacy Kanter. Simpson Thacher & Bartlett advised Texas Genco, with David Sorkin leading the firm's team.
LeBoeuf Lamb Greene & MacRae and King & Spalding advised on the proposed merger between life insurers Lincoln Financial Group and Jefferson Pilot Financial. According to the terms of the deal, which the companies described as a merger of equals, Lincoln Financial will pay around $7.5 billion in...