Monday, RRI Energy Inc. (RRI) commenced a cash tender offer to purchase up to $150 million aggregate principal amount of the securities. Subject to applicable law, RRI may increase the Maximum Acceptance Amount in its sole discretion to no more than $250 million aggregate principal amount of securities.
The company noted that the purchase price will be determined in accordance with a modified Dutch auction procedure on the terms and conditions set forth in the Offer to Purchase dated September 21. The Tender Offer is scheduled to on October 19.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.