EDF May Still Wrestle Constellation Away From Buffet

From Beyond Nuclear

Electricité de France SA will offer to buy as much as $6.5 billion of assets from Constellation Energy Group Inc., the U.S. utility that spurned an earlier offer from the French energy giant and instead agreed to be bought by Warren Buffet's MidAmerican Energy Holdings Co., according to a report in the Wall Street Journal. EDF, the world's largest nuclear utility, is attempting to wrest Constellation from MidAmerican, a unit of Berkshire Hathaway Inc., three weeks ahead of a vote by Baltimore-based Constellation's shareholders on the $4.7 billion MidAmerican deal.