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Exelon to Merge with Constellation Energy Group - Deal Analysis from GlobalData
GlobalData, May 2011, Pages: 6
Exelon to Merge with Constellation Energy Group - Deal Analysis from GlobalData
Summary
Exelon Corporation (Exelon) has entered into a definitive merger agreement with Constellation Energy (Constellation Energy) to combine the two companies in a stock-for-stock exchange transaction valued at $7,900m. The resulting company will retain the Exelon name and will be headquartered in Chicago. Exelon’s Power team and Constellation Energy’s retail and wholesale businesses will be amalgamated under the Constellation Energy brand and be headquartered in Baltimore. Both the companies’ renewable businesses will also be headquartered in Baltimore. The three utilities of Exelon- BGE, Commonwealth Edison Company (ComEd) and PECO Energy Company (PECO) will remain as independent organizations.
The agreement brings the two large companies together, creating a platform for growth and delivering stakeholder benefits. The new amalgamated company will bring a clean power fleet and competitive prices to millions of customers. The most important factor behind the merger of these two companies is the creation of a new company that will evolve as the number one energy provider in the US with market capitalization of $34 billion.
Scope
- The information related to Exelon Corporation and Constellation Energy Group, Inc. merger.
- Key facts about the deal
- Key drivers of the deal
- Rationale of the deal
- A brief on companies, Constellation Energy Group, Inc. and Exelon Corporation
Reasons to buy
- The Deal Report allows the reader to:
- Understand the reasons for the acquisition
- Understand the response from the markets
- Understand the impact of the deal on Exelon Corporation and Constellation Energy Group, Inc.
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