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Constellation shareholders will vote on merger Nov. 17

Constellation Energy Group said Thursday that its shareholders will meet Nov. 17 in New York to vote on the proposed $7.9 billion merger with Chicago-based Exelon Corp.

In a filing with the Securities and Exchange Commission, Constellation said the shareholder vote on the acquisition and on the compensation that some of Constellation’s executive officers might receive post-merger. Exelon said Wednesday that its shareholder vote would also take place on Nov. 17, in Chicago.

The $7.9 billion all-stock deal with Chicago-based Exelon was unveiled on April 28 and is expected to close in early 2012. Hearings on the deal by the Maryland Public Service Commission are set to begin at the end of October.

One comment

  1. The top people running BGE/Constellation should be going to jail, after what they did to the shareholders, not receiving big fat bonus deals. I hope Mayo Shattuck loses all his ill gotten gains and suffers just like the people he ripped off!!!!

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