Riverstone Holdings pays $1.2 billion for Talen Energy

• 10 years ago (2016-06-03)

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Whilst still subject to regulatory approval and a shareholder vote, the transaction is expected to be completed by the end of the year.

The agreement includes a “go-shop” clause, which allows Talen to shop around for a better deal for the next 40 days. The deal includes a termination fee of $50 million, which Talen would pay Riverstone if the deal is terminated for a better proposal.