Entries tagged "NRG Energy Inc."
In the Daily Deal Robert Willens, president of Robert Willens LLC, examines the Calpine Corp./NRG Energy Inc. deal. NRG Energy, Inc. recently proposed a business combination with Calpine Corp. in which NRG would acquire each of Calpine's outstanding shares in exchange for 0.534 of a share of NRG. Calpine recently emerged from bankruptcy. Its Plan of Reorganization became effective on January 31, 2008. Calpine emerged from bankruptcy with substantial tax "attributes". It is reporting net operating losses (NOLs) and other credits totaling $5.1 billion. At issue is whether a business combination with NRG would impair Calpine's ability to utilize such...
