Constellation’s stock soared on AI hopes. Now the energy company is using those gains to buy Calpine in $16 billion deal.
Constellation Energy — the electricity provider whose stock has doubled over the last year on hopes it’ll help meet the voracious energy demand from artificial intelligence — reached a $16 billion deal to buy Calpine.
Constellation Buying Calpine in $26.6 Billion Deal That Would Join Two Huge US Power Companies
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 comp
Constellation Energy to buy Calpine in blockbuster $16.4 billion US power deal
U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately-held natural gas and geothermal company Calpine Corp for $16.4 billion, marking one of the biggest acquisitions in the history of the U.
Houston's largest private company sold to Constellation Energy in $26.6B deal
Houston's largest private company will be acquired by a publicly traded utilities company based in Baltimore in a deal worth $26.6 billion.
Constellation announces $26.6 billion deal to buy Calpine, Houston's largest private company
Calpine, the largest private company in Houston, announced a deal to be acquired by Baltimore-based Constellation for approximately $16.4 billion Friday morning. Constellation would buy Calpine with 50 million of its shares and $4.
Constellation Energy Agrees to Buy Calpine in $26.6 Billion Deal
Constellation Energy agreed to buy Calpine for $16.4 billion, combining two of the country’s largest electricity generators at a time when their product is in high demand from tech companies. Including the assumption of debt,
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