Calpine May Sell Itself

Published: May 10 2017
Deal Summary

Calpine Corporation, a company engaged in generating electricity and thermal energy from natural gas, geothermal, and solar sources, intends to sell itself, as reported by the Wall Street Journal (WSJ), citing people familiar with the matter.

According to WSJ, a number of private equity firms have shown interest in buying the company in an auction. However, there is no guarantee there will be any deal, the source reported.

WSJ reported that Calpine is exploring the sale and is working with investment bankers at Lazard Ltd to find possible buyers.

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