DOJ Clears Exelon-Constellation Energy Merger, With Conditions
22 December 2011 - 4:45AM
Dow Jones News
The Justice Department on Wednesday gave antitrust clearance to
the merger of Exelon Corp. (EXC) and Constellation Energy Group
Inc. (CEG), but said the companies must divest three electricity
generating plants in Maryland in order to proceed with the
deal.
The department said the transaction as originally proposed would
have lessened competition for wholesale electricity and increased
prices for consumers in the mid-Atlantic region.
-By Brent Kendall, Dow Jones Newswires; 202-862-9222;
brent.kendall@dowjones.com
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