Vectren and CenterPoint Energy’s $6 Billion Merger

April 24, 2018

Cleary Gottlieb is representing BofA Merrill Lynch as financial advisor to Vectren Corporation, an energy holding company providing natural gas, electricity, and energy-related products and services to customers throughout the Midwest and Southeast, in its merger with CenterPoint Energy.

CenterPoint is a domestic energy delivery company that includes electric transmission and distribution, natural gas distribution, and energy services operations and serves customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The transaction was announced on April 23, 2018.

Under the terms of the agreement, Vectren stockholders will receive $72.00 in cash for each share of Vectren common stock. The transaction is valued at approximately $6 billion, including the assumption of outstanding debt.

The transaction is anticipated to close in the first quarter of 2019, subject to stockholder and regulatory approvals and other customary closing conditions.