CPN: Calpine Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CPN: Calpine Corporation

FRO 23.28

-3.9%

Nov 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Dennis Roth	12/24/2007 8:35:26 AM
	of 555

Calpine to issue warrants for 50 mln new shrs Fri Dec 21, 2007 7:15pm EST reuters.com LOS ANGELES, Dec 21 (Reuters) - Bankrupt U.S. power company Calpine Corp (CPNLQ.PK: Quote, Profile, Research) said on Friday it will issue warrants to buy about 50 million shares of its new common stock to holders of its outstanding common stock. The company, whose plan of reorganization was approved by a a U.S. bankruptcy court earlier this week, said the amount represents about 10 percent of the common stock to be issued pursuant to that plan. Each warrant will represent the right to buy a single share of Calpine's new stock. The exercise price per share is expected to be based on a reorganized equity value of $11.942 billion, Calpine said, adding that the price is intended to be "out-of-the-money." (Reporting by Nichola Groom, editing by Richard Chang)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next