Thursday, April 28, 2011

Exelon Gobbles Constellation For $7.9B to Acquire Energy Group in Deal buy deal for $7.9 billion Buy Billion Adding Nuclear Analyst Judge Says Gains From Deals of the Day DealBook stock latest tieup utility industry $7.9billion creating electric power company Discussing Reports talks shares surge on reports that is with Said Be Near $7.7 Southern Co. In Line Blog

Exelon and Constellation agree to combine in a stock-for-stock transaction. Exelon Corporation (EXC) and Constellation Energy (CEG) said today they have agreed to combine in [...] (04-28) 07:59 PDT New York, NY (AP) -- Exelon Corp. agreed to buy Constellation Energy Group Inc. for $7.9 billion Thursday, the latest in a string of acquisitions in the electric power industry. Exelon CEO John Rowe,... Power company Exelon Corp struck a deal to buy rival Constellation Energy Group for $7.9 billion in a bid to become the largest generator of competitively priced electricity in the United States. Exelon Corp., the largest operator of U.S. nuclear power plants, agreed to buy Constellation Energy Group Inc. for about $7.9 billion in stock, adding stakes in five reactors and becoming the largest U.S. electricity marketer. April 28 (Bloomberg) -- Nathan Judge, an analyst at Atlantic Equities, discusses Exelon Corp.'s agreement to buy Constellation Energy Group Inc. for about $7.9 billion, adding stakes in five reactors in Maryland and New York. Judge speaks from Philadelphia with Deirdre Bolton and Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg) Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. Exelon announced on Thursday that it would buy Constellation Energy for $38.59 a share, the latest deal in a wave of consolidation among energy companies, particularly utilities. NEW YORK — Exelon Corp. agreed to buy Constellation Energy Group Inc. in a $7.9 billion stock deal Thursday, the latest in a string of acquisitions in the electric power industry. Acquisition of its rival is the latest in a string of tie-ups in the electric power industry share: digg facebook twitter NEW YORK (AP) — Exelon to buy Constellation Energy for $7.9B in stock, creating electric power company Exelon is expected to disclose that it has agreed to buy electricity generator and utility operator Constellation Energy Group in a stock-for-stock deal valued at about $8 billion. (04-27) 16:28 PDT , (AP) -- Exelon Corp. is in talks aimed at buying Constellation Energy Group Inc., several media outlets reported on Wednesday. The Wall Street Journal reported that the deal would value Constellation... Constellation Energy Group's shares surged in after-hours trading on reports that the Chicago-based utility Exelon was negotiating to acquire the company for more than $7 billion. Exelon Corp. is near an agreement to buy Constellation Energy Group Inc. in a stock deal that values the company at about $7.7 billion, according to a person with knowledge of the matter. Electric utility firm Southern Co. reported in-line first quarter 2011 earnings per share of 50 cents, as robust industrial sector growth was offset by warmer weather conditions, and increased operations and maintenance expenses.
Key Words: exelon

References:
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http://pixelhat.net/