Talen Energy Corporation reported the completion of its merger with an affiliate of Riverstone Holdings LLC, which was initially announced on June 3, 2016.

Under the terms of the merger agreement, which was adopted by Talen Energy Corporation stockholders at a special meeting on October 6, 2016, Talen Energy Corporation stockholders will receive $14 in cash for each share of common stock they owned immediately prior to the effective time of the merger.

Ralph Alexander has been named President and Chief Executive Officer of Talen Energy, effective immediately.

Talen Energy owns or controls 16,000 megawatts of capacity in eight states and operates as a retail supplier (through Talen Energy Supply)

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M&A   Talen Energy   Riverstone   Talen Energy Supply  

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