Talen Energy has initiated a modified Dutch auction tender offer to purchase up to $600 million worth of its common stock, with the option to buy an additional $12 million, at a price per share ranging from $116.00 to $122.00. Any transaction will be subject to applicable withholding taxes and will not include interest. This buyback will use available cash on hand.
This tender offer is a component of the company's recently expanded $1 billion share repurchase program, which was approved by its Board earlier this month. The tender offer is scheduled to expire on June 27, 2024.
