On Tuesday, Shares of Calpine Corporation (NYSE:CPN), gained 0.81% to $16.22. The stock attained the volume of 2.89 million shares.
Calpine Corporation (CPN) declared that it has agreed to acquire the Granite Ridge Energy Center from Granite Ridge Holdings, LLC for $500 million, or about $671 per kilowatt, subject to working capital adjustments. The 745 megawatt, combined-cycle, gas-fired power plant is located in Londonderry, New Hampshire, about 45 miles northwest of Boston.
Granite Ridge is located in ISO-New England, where tightening market conditions have resulted in capacity revenues that will improve substantially over the next three years. The power plant, which commenced commercial operation in 2003, features two Siemens 501G combustion turbines, two heat recovery steam generators and one steam turbine.
Calpine anticipates to fund the transaction with a combination of debt and cash. The financing plan for the transaction will ultimately be based upon prevailing market conditions. The company has already obtained committed debt financing sufficient to cover the purchase price.
Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR), surged 0.65% to $63.46, during its last trading session.
Dollar Tree, Inc. (DLTR), North America’s leading operator of discount variety stores, recently declared plans to re-brand its Deals banner. Of its 222 store locations, 217 Deals stores will be converted to Dollar Tree and the remaining five will be converted to Family Dollar.
Dollar Tree attained 138 Deals store locations on March 29, 2006. Since then, the chain has grown to 222 store locations across 19 states. The Deals stores have served customers by offering low prices on everyday essentials, party, seasonal and home products in a multi-price point environment. On July 6, 2015, Dollar Tree accomplished its acquisition of more than 8,200 Family Dollar stores across 46 states.
The Deals store conversions are predictable to be accomplished by the end of July 2016. Additionally, the Company remains committed to its initiative to re-banner hundreds of Family Dollar stores to Dollar Tree stores. Dollar Tree is on track to complete at least 150 Family Dollar-to-Dollar Tree conversions by the end of October 2015, and plans more of these conversions for 2016.
Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company’s stores provide consumable merchandise, which comprises candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food.
Finally, Viacom, Inc. (NASDAQ:VIAB), ended its last trade with 0.04% gain, and closed at $46.52.
The stock closed at a distance of 3.55% from 20-day simple moving average. In the last trading session, the stock’s price moved -23.49% below its 200 day moving average, changing hands as low as $45.66 per share. The stock is presently trading 5.46% above its SMA 50.
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content.
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