Deal Snapshot
SHAREHOLDERS OF CALPINE APPROVE DEAL WITH ENERGY CAPITAL, CONSORTIUM
Monday 18 December 2017

Shareholders of US-based natural gas and geothermal electricity generator Calpine Corp. (NYSE: CPN) have approved the company's definitive agreement under which US-based private equity and credit investment firm Energy Capital Partners along with a consortium of investors led by industrial group Access Industries and Canada Pension Plan Investment Board will acquire Calpine for USD 15.25 per share in cash, or USD 5.6bn, the company said. This deal was announced in August.


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Details
Date Published: 18/12/2017
Target: Calpine Corp
Country: USA
Deal Size: 5.6bn (USD)
Sector: Utilities
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: Energy Capital Partners, Access Industries and Canada Pension Plan Investment Board-led consortium
Buyer Advisor: Barclays Capital , Latham and Watkins
Comment:


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