Calpine Announces Initial Public Offering.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Sept. 20, 1996--Calpine Corp., a U.S. power company, announced today the initial public offering of 18,045,000 shares of common stock at $16 per share in simultaneous United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and international offerings. Of the total number of shares, 5,477,820 shares are being sold by the company and 12,567,180 shares are being sold by Electrowatt Ltd. (the "Selling Stockholder"). CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. , Morgan Stanley & Co. Inc., PaineWebber Inc., and Salomon Brothers Inc. are the managers of the U.S. syndicate offering of 14,436,000 shares; CS First Boston, Morgan Stanley & Co. International, PaineWebber International, and Salomon Brothers International are the lead managers of the international offering of 3,609,000 shares. The company has granted the underwriters and managers an option to purchase up to an additional 2,706,750 shares to cover over-allotments, if any. The common stock will trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "CPN CPN Communist Party of Nepal CPN Commercial Property News CPN Civic Practices Network CPN Calling Party Number CPN Community Psychiatric Nurse (UK) CPN Cisco Powered Network CPN Connaitre et Proteger la Nature ." The company intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). it receives from the sale of shares for the repayment of certain indebtedness and for working capital and general corporate purchases, including the development and acquisition of power generation facilities. The company will not receive any of the proceeds of shares sold by the Selling Stockholder. Calpine Corp. is engaged in the acquisition, development, ownership and operation of power generation facilities and the sale of electricity and steam in the United States and selected international markets. The company's strategy is to capitalize on opportunities in the power market through an ongoing program to acquire, develop, own and operate electric power generation facilities, as well as marketing power and energy services to utilities and other end users. A copy of the prospectus relating to the offering may be obtained from CS First Boston, Park Avenue Plaza, 55 E. 52nd St., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10055, Attention: Prospectus Department (Telephone number: 212/322-2580). CONTACT: Calpine Corp. Katherine Potter, 408/995-5115 |
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