Southern Company (NYSE: SO) will pay a premium of approximately $431 million in cash to acquire PowerSecure International Inc. (NYSE: POWR). Shares of PowerSecure International leaped $8.67 to close at $18.54 while Southern Company stock rose 38 cents to close at $49.36.
Southern Company to buy PowerSecure International
February 25, 2016 at 16:35 PM EST