Riverstone to take Talen Energy private for $1.8 bln
June 3 (Reuters) - Power producer Talen Energy Corp said private equity firm Riverstone Holdings LLC will buy the remaining stake it does not already own in the company for about $1.8 billion.
Riverstone will offer $14 per share in cash for the 65 percent stake it does not own, representing a 17.3 percent premium to Talen's Thursday close.
The deal has an enterprise value of $5.2 billion. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Shounak Dasgupta)
© Thomson Reuters 2017 All rights reserved.