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Constellation will buy Calpine with 50 million of its shares and $4.5 billion in cash. It will also assume about $12.7 billion in Calpine debt. The total value of the deal will be about $26.6 billion.
Constellation plans to pay $16.4 billion for privately held Calpine, transferring 50 million Constellation shares and paying $4.5 billion in cash, plus assuming $12.7 billion of Calpine debt.
The company was known as Constellation Energy Group (former NYSE ticker symbol CEG), a Fortune 500 company and one of the largest electricity producers in the United States, until a merger with Exelon in 2012. [3] When FERC approved the acquisition, Constellation Energy's energy supply business was re-branded as Constellation, an Exelon company.
Constellation Energy soared 25.16% after agreeing to buy privately held natural gas and geothermal company Calpine Corp for $16.4 billion, while Constellation Brands slid 17.09% after cutting its ...
Calpine Corporation is the largest generator of electricity from natural gas and geothermal resources in the United States, [3] with operations in competitive power markets.. A Fortune 500 company based in Houston, Texas, [1] the company is owned by an affiliate of Energy Capital Partners and a consortium of other investors, including Access Industries Inc. and the Canada Pension Plan ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Constellation Energy wasn’t one of them. The 10 stocks that ...