- Talen Energy (OTCQX:TLNE) Tuesday said that it has executed an agreement to complete the repurchase of about 2.4 million shares of its outstanding common stock from affiliates of Rubric Capital Management LP at a purchase price of $116.00 per share, for an aggregate purchase price of approximately $280 million.
- The transaction is expected to close in the next several days, Talen Energy (OTCQX:TLNE) added.
- This repurchase is part of the Talen Energy (OTCQX:TLNE) previously announced $1 billion share repurchase program, which had approximately $388 million of remaining capacity after the conclusion of the company’s $612 million equity tender offer.
- Talen owns and operates approximately 10.7 gigawatts of power infrastructure in the United States.
- Source: Press Release
2024-07-02