Vistra Energy To Buy Ambit - Quick Facts

(RTTNews) - Vistra Energy (VST) has agreed to acquire Ambit Energy for $475 million plus net working capital. Headquartered in Dallas, Texas, Ambit serves approximately 1.1 million residential customer equivalents in 17 states.

Vistra anticipates Ambit will provide approximately $125 million to adjusted EBITDA after the full run-rate of anticipated annual synergies is achieved. The company expects the acquisition to be immediately accretive to adjusted EBITDA and adjusted FCFbG per share in the range of 2-3 percent. Vistra's share of the ERCOT residential market will increase to approximately 32 percent from approximately 25 percent, following the closing of the deal.