Chief executive Peter Terium resigned late a year ago in the wake of a profit warning leaving Uwe Tigges as interim CEO.
The move to divide up Germany's largest energy firm by market value is part of sweeping changes by utilities trying to boost green energy, manage a shift from fossil fuels and prepare for a 2022 nuclear power exit.
The German energy giants confirmed an agreement has been reached, subject to board approval, after reports over the weekend revealed a complex cash, shares, and assets deal was under negotiation.
And the deal could see the creation of a new European renewables giant.
Under the deal, which has been agreed in principle, RWE will receive Eon's renewables business, plus Innogy's renewables and gas storage businesses.
"After successful implementation of the transaction it is meant to fully integrate innogy into the E.ON Group", E.ON said in a statement. RWE and E.ON, whose share prices collapsed over the past decade, rose 11 and 4.6 percent respectively. "Through this transaction E.ON would become a focused customer-oriented energy company concentrating on energy networks and customer solutions".
But the heart of the agreement is to give E.ON the retail and network businesses of both companies, and give RWE the combined renewable-generation businesses.
The deal, which includes E.ON making a €5.2 billion ($6.4 billion) takeover offer to Innogy's minority shareholders, spells the end of the network, renewables and retail energy group, carved out from RWE two years ago, as a standalone unit.
Innogy, which reported a 3 percent rise in adjusted operating profit, also said it would propose an unchanged dividend of 1.60 euros per share for 2017, compared with the 1.61 euro average forecast in a Reuters poll.
Toys 'R' Us may close USA locations
The toy chain entered bankruptcy in September 2017 with plans to close some stores and emerge with a new business model. Krystina McNamara looks forward to driving over an hour into Grand Rapids, to bring her daughter to Toys R Us.
Miami Beach Police posted the video on their Twitter feed in hopes of gathering more information from witnesses. Jones told CBS News in Miami a marketing person had come up with the promotion and had been let go.
United Kingdom improves to 24-10 and has seemingly improved its NCAA Tournament seed drastically with a hot finish to the season. Arkansas ranks 11th in steals allowed per game (4.7) while Tennessee ranks 80th (5.7).
The victor will advance to play No. 5 seed Clemson or No. 12 seed New Mexico State on Sunday for a spot in the Sweet 16. Vegas odds are already in for the game and Clemson is now a 4.5 point favorite against the Aggies according to 5Dimes.
Clarifying its position, Pratt & Whitney in a statement said, "We are working closely with our customers to minimise disruption". However, said the airline, all affected passengers have been accommodated on alternative flights.
However, a Pentagon memo declared the parade to be excluding tanks in order to lessen the impact inflicted on roads. As planning continues, the memo gave no more details on the type of weaponry to be featured in the parade.
Seemingly on the defensive after his about-face, Trump tweeted Monday of the age limit that "States are making this decision". DeVos has been a source of contention because of her stance on privatizing schools over of supporting public education.
Live: Maharashtra farmers' protestKumar said, "No road closure or diversions will happen due to Farmers' Morcha now". The protests forced the state government to announce a Rs34,022 crore farm loan waiver scheme.
The incendiary comment was made on March 9 when Rai was campaigning with party candidate Pradeep Kumar at Narpatganj. Araria Loksabha bypoll saw 57% voter turnout while Bhabhua and Jehanabad saw 54.3% and 50.6% voters respectively.
The Irish stayed undefeated by dispatching Scotland 28-8 with a four-tries bonus point at Lansdowne Road on Saturday. A simple pass would have resulted in a Hogg try but Jones made a mess of it and the chance went begging.
Last year, China imported 3.2 million tons of US coal, worth about $420 million and almost five times the amount it took in 2016. Republican Senator Jeff Flake, a critic of the president, said he would introduce a bill to nullify the tariffs.
Troops Swoop On Farah To Push Back Taliban
Eight police officers, including a local police commander, were killed and 10 others were wounded in the morning attack, he said. Saturday's attack came ahead of an expected increase in fighting with the end of winter and the approach of spring.
Tiger Woods closes in on first win in nearly five years
Watch the final round of the Valspar Championship live on Sunday from 5pm on Sky Sports Golf and 6.30pm on Sky Sports Main Event. Woods tied for the lead with a 20-foot birdie putt on No. 10, only to miss a pair of birdie putts inside 8 feet.
Elizabeth "Pow Wow Chow" Warren Won't Take DNA Test
In an interview on NBC's " Meet The Press ", the Massachusetts Senator shut down requests to prove her Native American roots. Rob Gray, a Republican political analyst, said the criticism could hurt Warren more if it came from a rival Democrat.
How to watch American Idol Season 16 premiere live online
This season it's going to have the focus on the mediocre to good singers, with the three judges giving constructive criticism. It's been almost two years since the show aired what was to be its final season, before being picked up for a reboot by ABC .
Davidson dancing after beating Rhode Island
The following year, Davis began his streak of five consecutive All-Star Game appearances - a streak that remains active. Rhode Island , (25-7, 15-3), the Atlantic 10 regular season champs will take on 10-seed Oklahoma Thursday in Pittsburgh.
Free agent CB Sherman to visit 49ers
In fact, The Athletic first reported that Sherman had dinner with 49ers coach Kyle Shanahan on Friday night. General manager John Lynch recently noted it doesn't take a "savant" to see the 49ers need cornerbacks.