Constellation Energy Corporation (Nasdaq: CEG) has announced a definitive agreement to acquire Calpine Corporation in a strategic cash and stock transaction. This acquisition aims to bolster Constellation's energy portfolio and expand its market presence. The announcement was made through a joint press release issued by both companies on January 10, 2025.
The transaction is expected to bring significant synergies and operational efficiencies, enhancing Constellation's capabilities in the energy sector. The acquisition aligns with Constellation's long-term strategy to deliver sustainable energy solutions and strengthen its competitive position in the market.
Constellation has scheduled a conference call at 8:30 AM ET on January 10, 2025, to discuss the details of the transaction. Interested parties can access the call via a registration link available on the Investor Relations page of Constellation's website. The call will also be webcast and archived for future reference.
This acquisition marks a significant milestone for Constellation Energy Corporation as it continues to pursue growth opportunities and enhance shareholder value. Investors and stakeholders are encouraged to participate in the conference call to gain further insights into the strategic implications of this transaction.
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