June 3, 2016 / 11:02 AM / a year ago

Riverstone to take Talen Energy private for $1.8 bln

1 Min Read

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below