MidAmerican to seal controversial Constellation deal

A deal for Berkshire Hathaway subsidiary MidAmerican Energy to buy ailing energy firm Constellation Energy is "proceeding as planned", according to Constellation, despite shareholder objections.

The deal, announced on September 19, will see MidAmerican invest $1 billion in preferred stock, along with a cash consideration of approximately $4.7 billion, or $26.50 per Constellation share. "They still need to get approval from shareholders and several regulatory bodies," says Aneesh Prabhu, an energy

To continue reading...