Calpine Agrees to be Acquired by Investor Consortium Led by Energy Capital Partners
(World News USA)

Calpine Agrees to be Acquired by Investor Consortium Led by Energy Capital Partners Calpine Corporation (NYSE:CPN), America´s largest generator of electricity from natural gas and geothermal resources, today announced that it has entered into a definitive agreement under which Energy Capital Partners (Energy Capital or ECP) along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board will acquire Calpine for $15.25 per share in cash, or $5.6 billion. The purchase price represents an approximately 51% premium to Calpine´s unaffected share price of $10.07 on May 9, 2017, the day prior to initial media speculation of a transaction. The transaction...