Report: EDF won't counteroffer on Constellation
Yesterday I linked to an AFP story on Electricite de France mulling its options on Constellation Energy Group, the Baltimore-based company that has agreed to be bought by Warren Buffett's MidAmerican Energy. The piece was in Les Echos. But Les Echos didn't include what La Tribune today says was AFP's report that EDF had decided not to make a counteroffer. AFP appears to be subscription only, so I can't access the original story.
EDF ne fera pas de contre-offre sur Constellation EnergyEDF will not make a counteroffer for Constellation Energy
Selon une source proche du dossier citée par l'Agence France Presse (AFP), les administrateurs d'EDF ont étudié une éventuelle contre-offre sur l'électricien américain, tête de pont de l'industrie nucléaire française aux Etats-Unis. Mais décision a été prise de renoncer finalement à cette éventualité.
According to a source close to the case cited by AFP, EDF's board has studied an eventual counteroffer for the American electricity company, EDF's bridgehead on the U.S. nuclear industry. But the decision was taken to definitively reject this possibility.
