NRG Energy, Inc. (NRG), a wholesale power generation company, has made an unsolicited bid to buy Calpine Corp. for $9.56 billion of stock.
NRG offered 0.534 share for each share of Calpine. The offer values each Calpine share at $22.70.
The transaction values the combined companies at $22 billion. The merging will provide both companies with benefits including the scale of the combined companies, various types and locations of power stations and tax benefits.
Fearing that peace might break out with the two Koreas talking to each other, Washington instructed South Korean President to keep the message about anything but peace
The Chinese military believe that Beijing and Moscow must resist pressure from Washington together