NRG Energy to buy Vivint Smart Home for $2.8 bln - Reuters.com

Dec 6 (Reuters) - Power generation company NRG Energy Inc (NRG.N) will buy Vivint Smart Home Inc (VVNT.N) for $2.8 billion in cash as it seeks to diversify its portfolio, the companies said on Tuesday.

Vivint jumped 31.26% in premarket trade as the $12 per share deal is at a premium of 33.5% to the stock's closing price on Monday.

NRG will also take on $2.4 billion of debt as part of the deal.

Reporting by Ruhi Soni in Bengaluru Editing by Vinay Dwivedi

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