- Calpine (NYSE:CPN +0.1%) shareholders approve the company's acquisition by an investor consortium led by P-E firm Energy Capital Partners for $15.25/share.
- The deal, valued at nearly $17B including $11B-plus in debt, is expected to close during Q1 2018, pending regulatory approval.
- The takeover would mean a $9.1M payoff for CPN CEO Thad Hill, who owns nearly 600K shares, according to SEC filings.