Constellation Energy to Buy Calpine in $16.4 Billion Deal ...Middle East

OILPRICE - Economy
Constellation Energy to Buy Calpine in $16.4 Billion Deal
source : OILPRICE ( Middle East ) () 60
Constellation Energy, the biggest owner of U.S. nuclear power plants, will buy Calpine in a cash and stock deal valued at an equity purchase price of about $16.4 billion to create America’s largest clean energy provider. Constellation Energy and Calpine, the largest U.S. producer of energy from low-emission natural gas generation and the largest geothermal generation operation in the U.S., announced on Friday that the cash and stock transaction would be composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the…

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