Constellation In Talks With EDF Over $4.5B Nuclear Bid

Law360, New York (December 8, 2008, 12:00 AM EST) -- Despite its merger deal with MidAmerican Energy Holdings Co., Constellation Energy Group Inc. will begin talks with Electricite de France SA over the French nuclear power operator's $4.5 billion unsolicited bid to purchase half of the U.S. company's nuclear business.

The Baltimore-based Constellation said Monday its board of directors had authorized the company to begin “immediate discussions and exchange of information” with EDF related to the unsolicited proposal, which was received on Dec. 2.

The decision to begin discussions with EDF was made following consultation with...
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