05:36 PM EDT, 09/18/2024 (MT Newswires) -- Vistra ( VST ) said late Wednesday it agreed to acquire the combined 15% equity interest in its Vistra Vision unit held by affiliates of Nuveen Asset Management and Avenue Capital Management II for $3.25 billion in cash.

Vistra ( VST ) expects the deal to close Dec. 31 with the company becoming the sole owner of Vistra Vision.

Vistra ( VST ) said it continues to expect to execute at least $2.25 billion of share repurchases in 2024 and 2025 and at least $1 billion in 2026. It also expects to pay $300 million in common dividends in each year from 2024 through 2026.

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