Warren Buffett sells remaining Constellation shares - Atlanta Business Chronicle:

alharkaenu.blogspot.com
Buffett, his company (NYSE: BRK.B), and that company’a subsidiary , are each no longer stockholders inConstellatiob (NYSE: CEG), according to a form with the Securities and Exchanger Commission filed Monday. They have been slowly divesting the stock over the past weeksand months, owningb 7.3 percent in February and 6.3 percent last The sale ends the relationshilp between the investor and Constellation, one of two Fortune 500 companiee in Baltimore City. Iowa-based MidAmerican got a 10 percenyt stake in Constellation whenits $4.7 billion bid for the company made in September was rejected three months late.
That offer came aftere a cash crunch led to a steep declinin Constellation’s stock price over several days and some investords feared bankruptcy. Constellation spurned the offee in favor of a deal tosell 49.99 percentf of its nuclear business for $4.5 billioj to French firm , which had also been in the biddinhg for the company in For the cancelation, Constellation had to pay $175 millionm in breakup fees and $418 milliohn for stocks. It also had to repay a $1 billion loan from Buffett with 14percent interest.
A decisioh on whether the deal with EDF requirea Maryland approval is expected in a The deal is expected to closethis