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Constellation buying Calpine in $26.6 billion deal that would join two huge US power companies

Constellation is buying power natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country’s biggest power companies. The transaction includes 50 million shares of Constellation stock, $4.5 billion in cash and the assumption of approximately $12.7 billion of Calpine debt. When accounting for cash expected to be generated by […]


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