Calpine Corporation and Encal Energy Ltd. announce completion of merger

Pursuant to the merger, Calpine Canada Holdings Ltd. issued approximately 16.6 million exchangeable shares, with each share being exchangeable at the shareholder’s option, into shares of Calpine common stock on a one-for-one basis. In addition, Calpine assumed approximately US$225 million in existing Encal debt.

by OGJ Online Staff

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