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Constellation Energy Agrees to Buy Calpine in $26.6 Billion Deal

Constellation Energy has agreed to buy Calpine Corporation in a deal valued at $26.6 billion, including debt, which has caused Constellation's shares to rise by 8.8%.
CPP Investments will receive approximately $700 million in cash and $1.9 billion in Constellation stock from the sale of its stake in Calpine.
The combined company will have nearly 60 gigawatts of capacity from zero- and low-emission sources, enhancing its presence in key markets.
The transaction is expected to close in the second half of 2025, pending regulatory approvals and customary closing conditions.

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The Motley Fool

Here's How Shares of Utility Company Constellation Energy Defied the Odds to Soar 91% Last Year @themotleyfool #stocks $CEG $MSFT

Few people saw it coming then, but 2024 would be the year the proverbial planets aligned for this utility name.

2 months ago·Alexandria, United States

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The Epoch Times

Constellation to Buy Calpine in $16.4 Billion Deal in the Clean-Energy Sector

Business Column: Analysis M&A activity shifted into a higher gear this week. After the surprise announcement of a merger between JCPenney and Sparc Group on Jan. 8, Constellation and Calpine decided it was time to tie the knot on Friday morning. If it goes through, the merger between the two companies will create America’s leading clean-energy producer to meet the growing energy demand of the nation. “This acquisition will help us better serve o…

2 months ago·New York, United States

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Straight Arrow News

The largest nuclear power plant operator in US to buy major natural gas producer

Constellation Energy, the largest nuclear power plant operator in the U.S., has announced its $16.4 billion acquisition of Calpine Corp., a private power company. The deal, one of the biggest in the nation’s energy sector, highlights the growing demand for electricity driven by data center operations. Goldman Sachs projected that power demands from data centers will grow 15% annually through the end of the decade. Constellation said this latest …

2 months ago

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The Business Journals

Constellation to acquire Texas firm in $26B deal

The deal bolsters the company's presence in Texas, an important market for the energy producer.

2 months ago·United States

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Investor's Business Daily

Constellation Energy Soars 20% On $26 Billion Deal. But There's Risk.

Constellation Energy stock jumped after the company announced it'll buy Calpine, adding geothermal and more natural gas to its portfolio.

2 months ago

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The Baltimore Banner

Baltimore's Constellation to buy Calpine in $26.6B deal that joins two huge power companies

Constellation, which is headquartered in Baltimore, is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country’s biggest power companies.

2 months ago

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