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Stock Market & Financial Investment News

News Breaks
July 3, 2014
11:45 EDTCPNCalpine completes sale of power plants, expects Q3 net book gain of $750M
Calpine completed the previously announced sale of six power plants to an affiliate of LS Power for $1.57B. Calpine expects to record a net book gain of approximately $750M in Q3 as a result of the sale. Taxable gains are expected to be almost entirely offset by federal and state net operating losses. The transaction is expected to result in net cash proceeds of approximately $1.53B, which the company intends to allocate in a balanced manner that is accretive to adjusted free cash flow per share.
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September 3, 2014
07:41 EDTCPNCalpine CEO sees using more funds on acquisitions, buybacks, Bloomberg says
Calpine CEO Thad Hill said that the company will continue spending more of its money on acquisitions and share buybacks due to its ability to maintain a good profit with fuel at high or low costs, according to Bloomberg, citing comments from Hill. Reference Link

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