Kendall Law Group Investigates Mirant Corporation For Shareholders

Kendall Law Group is investigating Mirant Corporation (NYSE: MIR) on behalf of shareholders, after the announcement that Mirant and RRI Energy, Inc. have entered into a definitive agreement. The $1.6 billion dollar transaction is expected to close before the end of 2010. According to the announcement, the companies will merge to create GenOn Energy. Mirant shareholders, and anyone else with knowledge of the transaction, are encouraged to contact the Kendall Law Group by email at [e-mail] or 877-744-3728.

The national securities litigation firm is investigating the transaction to determine if a fair process was used in shopping the company prior to entering into the agreement and whether the Board of Directors had breached their fiduciary duties by not seeking a deal that would provide better value of the company.

On April 12, 2010, the companies announced Mirant stockholders will receive 2.835 shares of RRI common stock per share of Mirant common stock they own. According to the announcement, Mirant stockholders will own approximately 54% of the equity of the combined company when the deal is closed. This offer values Mirant shares at approximately $11.20 based on the average closing price for the 10 days prior to the announcement. Mirant shares traded at $16.39 as recently as January 7, 2010, $14.04 on February 2, 2010 and $13.19 on March 11, 2010. Additionally, key executives of Mirant will maintain leadership positions in the newly formed company.

Kendall Law Group is founded by a former federal judge, and includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States.

>To order reprints of this article, click here: Reprints