Calpine (CPN) Announces Sale of 20M Shares by Stockholder Harbinger Capital Partner
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Calpine Corporation (NYSE: CPN) announced today that Harbinger Capital Partners Master Fund I, Ltd. has agreed to sell 20,000,000 shares of the company's common stock in a registered public secondary offering. In addition, Harbinger has granted the underwriter an option to purchase an additional 3,000,000 shares. The closing of the offering is scheduled for September 28, 2009. The company will not receive any proceeds from this offering.
Morgan Stanley is acting as the sole underwriter for the offering.
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