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Stock Market & Financial Investment News

News Breaks
April 21, 2014
07:14 EDTCPNCalpine to sell generation assets for $1.57B to LS Power
Calpine has signed an agreement to sell approximately 3,500 MW of generation resources in the Southeastern United States to U.S. power and energy infrastructure owner LS Power Equity Advisors for $1.57B in cash, subject to working capital and other adjustments. The portfolio consists of six combined-cycle generation facilities which use natural gas as the primary fuel source. The transaction is expected to close in Q2.
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August 26, 2014
07:39 EDTCPNCalpine New England plant acquisition a postive, says Morgan Stanley
Morgan Stanley said Calpine's purchase of Fore River plant is a positive given attractive returns, accretive free cash flow, and demonstrates commitment to deploying excess cash. Shares are Overweight rated with a $29 price target, up from $27.
August 25, 2014
08:34 EDTCPNCalpine to acquire Fore River generating station in New England for $530M
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