NRG Energy (NRG) Makes Offer For Calpine (CPN)

NRG Energy (NRG) made an unsolicited offer of $9.6 billion in stock for Calpine (CPN). The bid would make NRG the largest independent power company in the US. Calpine has interests in 60 natural gas-fired plants across the US and 17 geothermal plants in California, giving them an attractive carbon footprint.

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