EDF is offering
The person, speaking on condition of anonymity, said EDF and the investors that share its view hold around 50% of Constellation's equity. EDF's 9.5% stake cost the French state-controlled utility around
EDF and its bankers have had no contact with MidAmerican in recent weeks, the person also said. EDF expects the Constellation board to assess EDF's binding offer, which it says values the company at
The person said EDF's offer is good value as it stands, based on conservative market benchmarks. That's before taking into account other factors such as extending the life of Constellation's relatively modern and efficient nuclear reactors, as well as the new nuclear plants it hopes to build, he said.
The person said that when MidAmerican made its bid in mid-September, EDF and its private-equity partners at the time weren't immediately able to come up with a competing, binding offer.
Regarding EDF's agreed
The refinancing will lower the cost of the
Political Animal - New Zealand Politics
Share Investor Blog - Stockmarket & Business commentary
Share Investor New Zealand Business News- Get more business news
Shareinvestorforum.com - Discuss this topic further
Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The Worlds by Mary Buffett
Buy new: $12.41 / Used from: $3.99
Usually ships in 24 hours
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Buy new from $19.25 @ Amazon.com