Company Statement: MidAmerican Energy Holdings Company reaches tentative agreement to acquire Constellation Energy
( September 18, 2008, 20:47 GMT | Official Statement) -- ****************************************DES MOINES, Iowa AND BALTIMORE – (Sept. 18, 2008) – MidAmerican Energy Holdings Company and Constellation Energy (NYSE: CEG) today announced the companies have reached a tentative agreement in which MidAmerican will 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 expect to enter into a definitive merger agreement by close of business, Sept 19. Upon signing a definitive merger agreement, Constellation Energy will issue $1 billion of preferred equity yielding 8 percent to MidAmerican....
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