Constellation, Exelon shareholder meeting on merger set for Nov. 17

Stakeholders in both companies to vote on deal

October 12, 2011|By Hanah Cho, The Baltimore Sun

Constellation Energy Group and Exelon Corp. shareholders will have their say on the companies' proposed merger at separate meetings on Nov. 17, according to regulatory documents filed Wednesday.

Along with state and federal regulatory approval, investors of both companies need to support the $7.9 billion buyout of Baltimore's Constellation.

The vote comes after the Maryland Public Service Commission completes evidentiary hearings on the merger. The review is expected to begin Oct. 31 and conclude by Nov. 10. The PSC will make a decision by Jan. 5.

Constellation's special shareholder meeting will take place in New York, while Exelon will hold its vote in Chicago.

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