Talen Energy released a statement today stating that it has entered into a definitive merger agreement with affiliates of Riverstone Holdings LLC, a private investment firm. The cost of the transaction is estimated to be $5.2 billion, as Riverstone paid $14 per share to the stockholders. This is a big buy for Riverstone, as Talen Energy has natural gas, oil, nuclear, and coal power generating facilities in Pennsylvania, New Jersey, New York, Massachusetts, Maryland, Montana, Texas, and Arizona. This buyout should generate more revenue for Riverstone along with the rights to the venue currently known as Talen Energy Stadium.
Talen Energy entering into merger with Riverstone Holdings LLC
