RBC Capital Downgrades Calpine Corporation (CPN) to Sector Perform Following Acquisition
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Guggenheim Downgrades Calpine Corporation (CPN) to Neutral
August 21, 2017 1:21 AM EDTGuggenheim downgraded Calpine Corporation (NYSE: CPN) from Buy to Neutral with a price target of $15.25 (from $20.00).
For an analyst ratings summary and ratings history on Calpine Corporation click here. For more ratings news on Calpine Corporation click here.
Shares of Calpine Corporation closed at $14.92 Friday.
... MoreCalpine Corporation (CPN) to be Acquired by Energy Capital Partners for $5.6B
August 18, 2017 6:45 AM EDTCalpine Corporation (NYSE: CPN), Americas largest generator of electricity from natural gas and geothermal resources, today announced that it has entered into a definitive agreement under which Energy Capital Partners (Energy Capital or ECP) along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board will acquire Calpine for $15.25 per share in cash, or $5.6 billion. The purchase price represents an approximately 51% premium to Calpines unaffected share price of $10.07 on May 9, 2017, the day prior to initial media speculation of a transaction. The transaction follows a competitive strategic review... More
