One-Page Deal Sheet
MidAmerican Energy Holdings Agrees to Purchase Constellation Energy Group for $4.7 Billion
Midamerican Energy Holdings Co. Constellation Energy Group Inc.
Announced Date
September 19,2008
Close Date
September 19,2008
Transaction Type
Corporate
Enterprise Value (EV)($MM)
4700
Location
Country
United States
State
Iowa
Transaction Details: Subscribe to see
Warren Buffett's MidAmerican Energy Holdings Co. agreed to buy Constellation Energy Group Inc. for about $4.7 billion, snapping up the largest U.S. power marketer at less than half its market value prior to this week.
The cash deal is worth $26.50 a share, the companies said today in a statement. That's 7 percent higher than yesterday's close. The stock plunged 58 percent this week in New York trading on concern turmoil in financial markets would wreck Baltimore-based Constellation's energy-trading business.
''Warren's got the cash and he's got the platform to fold it into at MidAmerican…
United States Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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