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.
Russian President Vladimir Putin, in his speech dedicated to the Day of the Russian Navy, recalled the threats that Russia is currently facing from a number of countries.