Calpine Corporation Buyback
OLI recorded this information on 11/7/2003
Company:
Calpine Corporation
Buyback:
CPN buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
Having previously authorized $600 million in repurchases of our common stock, in February 2013, our Board of Directors authorized the repurchase of an additional $400 million in shares of our common stock, bringing the cumulative authorization total to $1.0 billion. We completed the repurchase of the additional $400 million authorization in July 2013. Over the course of the aggregate $1.0 billion share repurchase program, we repurchased approximately 55.0 million shares of our outstanding common stock at an average price of $18.18 per share. Under a new $100 million share repurchase authorization approved by our Board of Directors in August 2013, we have repurchased approximately 4.7 million shares of our common stock for approximately $92 million at an average price of $19.51 per share as of the filing of this release. This brings our cumulative share repurchases to approximately $1.1 billion, representing approximately 59.7 million shares at an average price of $18.28 per share. In November 2013, our Board of Directors approved an additional $1.0 billion multi-year share repurchase authorization.
Calpine is a power generation company that owns and operates natural gas-fired and geothermal power plants in North America and has a presence in wholesale power markets in California, Texas and the Northeast and Mid-Atlantic regions. Co. sells wholesale power, steam, capacity, renewable energy credits and ancillary services to its customers, which include utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities, power marketers as well as retail commercial, industrial, governmental and residential customers. As of Dec 31 2016, Co. served customers in 25 states in the U.S. and in Canada and Mexico.
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Hold (2.25 out of 4) 100th percentile
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