|
|
|
|
|
Parent of Retail Supplier Announces End of "Go-Shop" Period
Calpine Corporation announced the expiration of the 45-day "go-shop" period pursuant to the terms of the previously announced definitive agreement under which Energy Capital Partners (ECP) along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board will acquire Calpine.
Calpine solicited alternative transaction proposals during the "go-shop" period from 65 potential acquirers, comprised of 25 strategic parties, six pension funds and sovereign wealth funds, 30 infrastructure firms and financial sponsors and four family offices and insurance companies, which resulted in one potential financial sponsor negotiating and entering into a confidentiality agreement with Calpine.
None of the parties contacted during the "go-shop" period, including such financial sponsor, or any other party, proposed an alternative transaction to Calpine during the 45-day "go-shop" period.
The ECP acquisition is expected to be completed during the first quarter of calendar year 2018, subject to satisfaction of customary closing conditions, including approval by stockholders representing a majority of outstanding shares of common stock of Calpine.
Calpine owns retail suppliers Calpine Energy Solutions, Champion Energy, and North American Power
ADVERTISEMENT Copyright 2010-16 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
October 4, 2017
Email This Story
Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Sr. Supply & Structuring Analyst -- Retail Supplier -- Housto
• NEW! -- Pricing and Structure Analyst -- Retail Supplier
• NEW! -- Retail Sales Specialist, Telemarketing /D2D/Mass Markets -- Retail Supplier -- Houston
• NEW! -- Market Operations Manager -- Retail Supplier
• NEW! -- Financial Analyst -- Retail Supplier -- Houston
• NEW! -- Pricing Analyst -- Houston
• NEW! -- Branch Manager -- Energy Sales -- DFW
• NEW! -- Sales & Marketing Manager -- Retail Supplier
• NEW! -- Branch Manager -- Energy Sales -- Ohio/Columbus
• NEW! -- Manager/Director, Regulatory Compliance -- Retail Supplier -- Houston
|
|
|
|