{"id":9377,"date":"2008-12-16T00:00:00","date_gmt":"2008-12-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"edf-close-to-buying-half-of-constellation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/edf-close-to-buying-half-of-constellation.html","title":{"rendered":"EDF close to buying half of Constellation"},"content":{"rendered":"<p>Reuters &#8211; Electricite de France SA is close to an agreement to buy half the <span class=\"yshortcuts\">nuclear power business<\/span> of <span class=\"yshortcuts\">Constellation Energy Group Inc<\/span> (<span class=\"yshortcuts\">CEG<\/span>.N) for $4.5 billion, Bloomberg reported, citing people familiar with the situation. <\/p>\n<p>Approval by <span class=\"yshortcuts\">Constellation<\/span>&#8216;s board, subject to some conditions, may be announced as early as this week, Bloomberg said quoting a source who remained anonymous because the talks are private.<\/p>\n<p><span class=\"yshortcuts\">In September<\/span>, Berkshire Hathaway Inc&#8217;s (<span class=\"yshortcuts\">BRKa<\/span>.N) (<span class=\"yshortcuts\">BRKb<\/span>.N) unit MidAmerican Energy Holdings agreed to pay $4.7 billion, or $26.50 a share, for U.S. power company Constellation, which was on the brink of bankruptcy.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20081216\/bs_nm\/us_constellation_takeover_edf\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Electricite de France SA is close to an agreement to buy half the nuclear power business of Constellation Energy Group Inc (CEG.N) for $4.5 billion, Bloomberg reported, citing people familiar with the situation. Approval by Constellation&#8216;s board, subject [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1162,156,1164,138,117,402,501,4188],"class_list":["post-9377","post","type-post","status-publish","format-standard","hentry","category-activist-funds","tag-bonus","tag-brian-l-roberts","tag-doublemint-gum","tag-east-coast-routes","tag-investment-arm","tag-investment-firm","tag-investor-enthusiasm","tag-less-than-three-years"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9377"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9377\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}