Calpine (CPN) Said Holder Harbinger Capital To Sell 20M Shares

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April 23, 2009 4:40 PM EDT

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 Morgan Stanley the option to purchase an additional 3,000,000 shares solely to cover over-allotments. The Company will not receive any proceeds from this offering.