Constellation is likely to go it alone for now: Heavy fee would be imposed if company sells itself.

From: The Baltimore Sun (Baltimore, MD) | Date: October 26, 2006 | Copyright information

Byline: Jamie Smith Hopkins

Oct. 26--Constellation Energy Group Inc. is unlikely to rush to find another acquirer in the wake of its failed deal with a Florida energy company, and it might eventually look to buy rather than sell, industry experts said yesterday.

If nothing else, Baltimore-based Constellation has a financial incentive to sit tight for a while. It would have to pay a multimillion-dollar fee to FPL Group Inc., which had originally agreed to buy the company, if in the next year it negotiates to sell itself or give a third party at least 35 percent of its net ...

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