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ALLENTOWN, Pa., March 27, 2017 /PRNewswire/ -- Talen Energy, one of the largest competitive energy and power generation companies in North America, announced today that it is exploring a sale of its Talen Energy Services business line.
1. Why did Talen pursue this transaction? Talen’s purpose for engaging in the Merger is to enable its stockholders to receive the Merger Consideration, which represents a premium of (i) 85 percent over the closing price of the Shares on December 2, 2015, the day on which the