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.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.