| 2016-10-06 16:16:59|
TLN 16:16 10/06 10/06/16
Talen Energy stockholders approve acquisition by Riverstone Holdings
Talen Energy stockholders approved a proposed merger of the company with and into an affiliate of Riverstone Holdings, a private investment firm, for cash consideration of $14.00 per share of Talen Energy common stock. Stockholders approved all proposals put forward at the meeting. The parties have been granted early termination of the applicable waiting period under the HSR Antitrust Improvements Act and received an order from the NY Public Service Commission approving the transaction as it applies to Talen Energy's ownership and operation of the Athens power plant. The transaction remains on schedule to close by the end of 2016.