Calpine Mulls Stock Offering In Turnaround Plan

Law360, New York (August 30, 2007, 12:00 AM EDT) -- A hearing on Calpine Corp.’s disclosure statement has been postponed by two weeks so that the power company can consider a proposal that would give current shareholders the right to purchase stock in the reorganized company.

Calpine filed a notice of the adjournment on Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, pushing the hearing from Sept. 11 until Sept. 25 so that the company could consider including the proposal by the Official Committee of Equity Security Holders to its reorganization...
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