Talen Energy (TLN) to Acquire MACH Gen, LLC, in $1.18B Deal
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Talen Energy Enters Agreement to Acquire MACH Gen Portfolio of Natural Gas-Fired Generation for $1.175 Billion
July 20, 2015 7:00 AM EDTALLENTOWN, Pa., July 20, 2015 /PRNewswire/ --Â Talen Energy Corporation (NYSE: TLN) announced an agreement today (7/20) to acquire MACH Gen, LLC, which owns more than 2,500 megawatts of combined-cycle, natural gas-fired generating capacity, for $1.175 billion inclusive of any assumed debt, subject to customary purchase price adjustments.
"This negotiated deal represents a significant step in the execution of our growth strategy, and provides meaningful improvement in our cash flow profile," said Talen Energy President and Chief Executive Officer Paul Farr. "The... More
