Luminus Management buys 2.34 million shares of Calpine

By Lisa Kerner

Charlotte, N.C., March 26 - Calpine Corp. investors led by Luminus Management, LLC bought 2,341,651 shares of the company's stock between Jan. 29 and March 23 at prices from $4.93 to $7.28 per share.

Luminus beneficially owns 70,871,937 shares, or 16.53%, of the San Jose, Calif., power company's outstanding stock, it was reported in a schedule 13D/A filed on Thursday with the Securities and Exchange Commission.

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