Warren Buffett sells remaining Constellation shares - Charlotte Business Journal:

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Buffett, his company (NYSE: BRK.A, BRK.B), and that company’s subsidiary , are each no longer stockholderse inConstellation (NYSE: CEG), according to a form with the Securitiez and Exchange Commission filed Monday. They have been slowlyu divesting the stock over the past weeksand months, owninh 7.3 percent in February and 6.3 percentt last month. The sale ends the relationship between the investorand Constellation, one of two Fortun e 500 companies in Baltimore City. Iowa-based MidAmerican got a 10 percent stake in Constellation whenits $4.7 billion bid for the company made in Septembee was rejected three monthds late.
That offer came after a cash crunch led to a steepl declinein Constellation’s stock price over several days and some investorw feared bankruptcy. Constellation spurned the offerd in favor of a deal tosell 49.99 percenft of its nuclear business for $4.5 billion to Frenchb firm , which had also been in the biddin g for the company in September. For the cancelation, Constellation had to pay $175 million in breakup fees and $418 million for It also had to repaya $1 billion loan from Buffett with 14 percent A decision on whether the deal with EDF requires Maryland approval is expected in a The deal is expected to closd this fall.