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Calvert Cliffs Nuclear Power Plant

3 bytes removed, 01:09, 8 December 2008
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Proposed Sale to Berkshire Hathaway
== Proposed Sale to Berkshire Hathaway ==
On Sept. 18, 2008, MidAmerican Energy Holdings Company and Constellation Energy announced they have reached a tentative agreement in which MidAmerican will would purchase all of the outstanding shares of Constellation Energy for a cash consideration of approximately $4.7 billion, or $26.50 per share. The companies expected to enter into a definitive merger agreement by close of business, Sept. 19. Upon signing a definitive merger agreement, Constellation Energy will would issue $1 billion of preferred equity yielding 8 percent to MidAmerican. <ref>http://ir.constellation.com/releasedetail.cfm?ReleaseID=335425</ref>
MidAmerican is a component of Berkshire Hathaway, a holding company founded and managed by the infamous Warren Buffet.

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