French paper: EDF preparing counterbid for CEG
There's a meeting this evening to consider two courses for Electricite de France, the state-owned French power company that was considering a bid for Constellation Energy Group, owner of Baltimore Gas and Electric, reports Les Echos, a French financial daily. Possibility 1) Trying to team up with Warren Buffett, whose MidAmerican Energy Holdings won CEG for $26.50 a share. 2) Making a counter offer and topping Buffett's bid. CEG stock shot up to $26 from $22 where it was languishing this morning.
Here is the Les Echos link to the CEG story.
Thanks to Edward Bielarski for the tip.
