One-half of U.S. Nuclear Company, To Be Acquired By French Firm
A French utility company, EDF, has offered to buy around 49.9% of Constellation Energy for $4.5 billion. The offer by the French company almost already erased MidAmerican Holdings, which is also offering to buy the entire Constellation around the same amount. However, with the French bid, the American company’s bid will surely be rejected.
EDF is a large nuclear operator, if not the largest operator in the world. The offer can be seen as a daring move on the part of the French. It seems that the French company wants to penetrate the U.S. utility market and maintain its status as a dominant nuclear plant operator in the globe. Will this be a prelude to more foreign investors buying up American companies?
Posted by Jones on December 13th, 2008 :: Filed under $$$ COMPANIES
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