Constellation Energy Corporation CEG and Calpine Corp. announced that they have entered into a definitive agreement under which CEG will acquire Calpine in a cash and stock transaction valued at an equity purchase price of nearly $16.
Constellation Energy shares could remain in focus on Monday after surging more than 25% Friday as the energy giant announced that it will acquire rival Calpine in a deal valued at $26.6 billion. Monitor these key chart levels.
Few people saw it coming then, but 2024 would be the year the proverbial planets aligned for this utility name.
Constellation produces electricity at power plants mainly in Maryland, Illinois, New York and Pennsylvania. Houston-based Calpine said it is the largest U.S. producer of energy from “low ...
Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, is acquiring Calpine Corp.
Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies.
The power producer agreed to buy Calpine this past week for $16.4 billion and has become an industry darling amid surging electricity demand