Corrected: Riverstone leading bidder for Talen Energy - Bloomberg (May 6)

Riverstone Holdings

03/06/2016 12:22

(Corrects company name to Riverstone Holdings LLC from 
Riverstone Holdings Ltd, an unrelated company, in first 
paragraph of May 6 story; also drops RVHL.SI ticker symbol) 
    May 6 (Reuters) - Riverstone Holdings LLC is the top 
contender to buy U.S.-based Talen Energy Corp  TLN.N , formed 
when the private equity firm merged some of its power plants 
with PPL Corp's  PPL.N  power generation unit, Bloomberg 
reported. 
    A deal could be announced shortly, Bloomberg reported on 
Friday, citing a person familiar with the matter. (http://bloom.bg/1TMJX3T) 
    A final decision is yet to be made and Talen could select 
another buyer or stay independent, Bloomberg reported, citing 
people with knowledge of the matter.  
    As of Dec. 31, Riverstone owned about 35 percent of Talen, 
which was created in June last year.  
    The two companies were not immediately available for 
comment. 
    Allentown, Pennsylvania-based Talen's shares rose 7.7 pct to 
$12.50 in late afternoon trading. 
 
 (Reporting by Vishaka George in Bengaluru; Editing by Kirti 
Pandey) 
 ((vishaka.george@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 1130; Reuters Messaging: 
vishaka.george.thomsonreuters.com@reuters.net)) 
 
Keywords: TALEN ENERGY RIVERSTONE HLDG/