Riverstone to take Talen Energy private for $1.8 billion: Reuters

Power producer Talen Energy Corp (TLN.N) said private equity firm Riverstone Holdings LLC will buy the remaining stake it does not already own in the company for about $1.8 billion.

Riverstone will offer $14 per share in cash for the 65 percent stake it does not own, representing a 17.3 percent premium to Talen’s Thursday close.

The deal has an enterprise value of $5.2 billion.