Advertisement
HomeCollectionsMerger
IN THE NEWS

Merger

FEATURED ARTICLES
BUSINESS
By Hanah Cho and Gus G. Sentementes, The Baltimore Sun | November 17, 2011
Shareholders for Baltimore-based Constellation Energy Group Inc. and Chicago-based Exelon Corp. today approved the merger of the two energy companies. The confirmation of the $7.9 billion deal by shareholders was widely expected by analysts, but had its critics. Federal and state regulatory reviews are still required for the deal, which company officials say is on track to close in the first quarter of next year. More than three-quarters of Constellation's shareholders submitted votes on the deal; the special shareholders' meeting took place in New York City.
ARTICLES BY DATE
NEWS
October 8, 2014
Having worked closely with Exelon and its subsidiary Constellation for several years now, I wanted to share my perspective on the debate about the company's proposed merger with Pepco Holdings ( "Coalition calls for rejection of Exelon-Pepco merger," Oct. 2). Exelon has been a strong partner in the Maryland Science Center 's efforts to educate youth and the general public about the critical role of a reliable electric grid, energy efficiency, renewable power and cutting-edge technologies.
Advertisement
HEALTH
By Andrea K. Walker, The Baltimore Sun | December 9, 2013
The University of Maryland Medical System has completed its merger with Upper Chesapeake Health in Harford County, four years after the medical institutions agreed to affiliate. Upper Chesapeake includes the 185-bed Upper Chesapeake Medical Center in Bel Air and the 89-bed Harford Memorial Hospital in Havre de Grace. The health system is now named University of Maryland Upper Chesapeake Health under the merger. Since partnering, UMMS has brought more specialty services to Harford County's fast-growing populations, which now stands at 248,000 residents.
BUSINESS
By Natalie Sherman and The Baltimore Sun | October 2, 2014
A 20-group coalition on Thursday called on state regulators to reject a proposed merger between Chicago energy giant Exelon Corp. and Pepco Holdings Inc., citing Exelon's track record on the environment and fears the deal would give it too much power in the state. Exelon, the parent company of Baltimore Gas and Electric Co., ComEd and PECO, in April announced a $6.9 billion deal to acquire the smaller Washington-based utility company, which owns Delmarva Power and Atlantic City Electric as well as Pepco.
NEWS
December 19, 2011
Hannah Cho's recent article ("O'Malley praises Exelon-CEG deal," Dec. 16) reported on a far superior merger agreement between Exelon Corp. and Constellation Energy Group than previous arrangements. Between 1999 and 2009, electricity prices across Maryland doubled, hurting businesses and families across the state. And although prices have fallen in the last two years, it is clear that we not only need the $100 credit that the Exelon-CEG merger will provide, but also a permanent rate relief solution.
BUSINESS
By Jay Hancock | September 28, 2010
Thanks to competition between AirTran and Southwest Airlines, you can choose from more than a dozen daily flights from Baltimore to Orlando, Fla. A little more than $200 — less if you catch a sale — gets you to Disney World and back. The market works — but only as long as regulators set rules to keep it strong. And if the government doesn't do just that by intervening in Southwest's proposed acquisition of AirTran, watch fares from Baltimore to Orlando and many other places take off like a Boeing 737. "Travelers in Baltimore could potentially really feel the loss of competition there," says Diana Moss, a vice president at the American Antitrust Institute in Washington who closely follows airlines.
BUSINESS
February 17, 2010
At a glance General Growth Properties •Owns or manages more than 200 regional malls in 43 states •Owns planned community developments and commercial office buildings •Portfolio totals about 200 million square feet of retail space with more than 24,000 stores nationwide. •Headquartered in Chicago •Tuesday closing stock price $12.02 per share, up nearly 28 percent, on over-the-counter Pink OTC Markets Inc. Simon Property Group •Largest public real estate company in the U.S. •Owns or has an interest in 382 properties including regional malls, outlet centers, The Mills centers, community/lifestyle centers and international properties •Owns or has interest in 261 million square feet of space.
BUSINESS
By Hanah Cho, The Baltimore Sun | September 28, 2011
Marylanders may comment on the merger between Constellation Energy Group and Chicago-based Exelon Corp. at hearings scheduled in Bel Air, Baltimore and Annapolis. The Maryland Public Service Commission will entertain public comment at hearings in the Rotunda of Town Hall of Bel Air on Nov. 29, the Wohlman Assembly Hall of the War Memorial Building in Baltimore on Dec. 1 and the Joint Committee Hearing Room of the Department of Legislative Services Building in Annapolis on Dec. 5. All the hearings are scheduled to begin at 7 p.m. Residents may also send written comments to the commissioners by Dec. 9. Signed comments should be addressed to David J. Collins, Executive Secretary, Maryland Public Service Commission, William Donald Schaefer Tower, 6 St. Paul St., 16th Floor, Baltimore 21202.
NEWS
By Ev Ehrlich | March 4, 2014
The proposed merger between Comcast and Time Warner highlights the vast gap between the imagined world the broadband industry's critics and the real world in which these companies must compete. For years, the critics have advocated forcing companies such as Verizon and Comcast to share their infrastructure with their competitors or mandating that the broadband market only offer one level of service. Their argument is that America's broadband is gripped by a "cable/telco duopoly" that uses its market power to slow innovation and gouge the consumer.
NEWS
By Hanah Cho, The Baltimore Sun | February 6, 2012
The state's consumer advocate on utility matters continues to push for additional concessions to make the Constellation-Exelon merger more palatable to consumers. The Maryland Office of People's Counsel said in a brief filed Monday that the two energy giants have not demonstrated that the proposed $7.9 billion merger is in the public's interest and would not harm customers of Baltimore Gas and Electric, Constellation's regulated utility. The People's Counsel also said the companies' settlement with Gov. Martin O'Malley and the state did not allay its concerns.
BUSINESS
Staff Reports and The Baltimore Sun | September 29, 2014
Ironmark, a printing and image consultant company that was formed through the 2011 merger of Frank Gumpert Printing and Corporate Printing Solutions, announced Monday it will consolidate its Annapolis and Hunt Valley operations into a new headquarters in Howard County. In a news release, company officials said Ironmark's 110 employees will relocate to a 50,000-square-foot facility in Annapolis Junction by Oct. 8. The move comes three years after Frank Gumpert Printing, in Annapolis, and Corporate Printing Solutions, in Hunt Valley, merged to become CPS Gumpert.
BUSINESS
By Arthur Hirsch, The Baltimore Sun | August 19, 2014
Exelon, the parent of Baltimore Gas & Electric, filed its application Tuesday with the state to acquire Pepco Holdings, a move company officials say will improve service and boost the economies of Pepco's service areas in and around Washington, D.C., and on the Eastern Shore. Chicago-based Exelon reached a $6.9 billion agreement this spring to acquire Pepco, but the deal must be approved by state regulators, including the Public Service Commission of Maryland. Donna Cooper, president of Pepco Region, said she expected the approvals to be completed in the second or third quarter of next year.
HEALTH
By Meredith Cohn, The Baltimore Sun | August 13, 2014
Gilchrist Hospice Care, the largest provider of hospice services in the state, said Wednesday it has partnered with Joseph Richey Hospice, which operates the only free-standing residential facility in Baltimore City. Details of the arrangement were not disclosed by the two non-profits, but officials said Joseph Richey will now fall under the Gilchrist umbrella. Joseph Richey provides care to terminally ill patients in underserved communities, and Gilchrist's leadership expected the partnership to enhance care.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | July 28, 2014
An $8.5 billion merger creating North America's biggest dollar store chain could mean increased competition for mass discounters such as Wal-Mart Stores Inc. but less choice for shoppers. In the Baltimore area and elsewhere, retail experts said, Dollar Tree Inc.'s planned purchase of Family Dollar Stores Inc., announced Monday, likely will lead to some store closings, though the companies have not identified any locations. Dollar Tree, which runs mostly suburban stores and sells a mix of consumables as well as items such as gifts, party goods and greeting cards for $1 or less, has about 55 stores in the Baltimore area.
NEWS
By Daniel Lyons | June 10, 2014
The cable company is one entity everyone likes to hate. Perhaps this knee-jerk animosity is to blame for the rush to condemn Comcast's proposed $44 billion merger with Time Warner Cable. Critics complain that combining the nation's two largest cable companies would create a "behemoth" with 30 million customers, nearly one-third the cable/satellite market. But calling this a "cable deal" misunderstands the dynamic nature of the modern video marketplace. America is in the midst of an entertainment revolution, giving consumers more choices than ever.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | June 6, 2014
Jos. A. Bank Clothiers Inc., likely a few weeks away from finalizing a $1.8 billion deal to be acquired by Men's Wearhouse, posted a $37.1 million first-quarter loss stemming from merger-related expenses. In what is probably its last earnings report as an independent company, the Hampstead-based men's apparel chain reported Friday a loss of $1.33 per share for the three-month period that ended May 3. Bank reported earnings after the close of the market. Its stock closed up 4 cents at $64.97 per share.
BUSINESS
By Natalie Sherman and The Baltimore Sun | October 2, 2014
A 20-group coalition on Thursday called on state regulators to reject a proposed merger between Chicago energy giant Exelon Corp. and Pepco Holdings Inc., citing Exelon's track record on the environment and fears the deal would give it too much power in the state. Exelon, the parent company of Baltimore Gas and Electric Co., ComEd and PECO, in April announced a $6.9 billion deal to acquire the smaller Washington-based utility company, which owns Delmarva Power and Atlantic City Electric as well as Pepco.
BUSINESS
By Tim Swift, The Baltimore Sun | May 30, 2014
The Federal Trade Commission ruled Friday that the Men's Wearhouse takeover of fellow clothing retailer Jos. A. Bank Clothiers can move forward after the agency found that the combined company would not violate antitrust laws. "Despite limited competition from the Internet, the transaction is not likely to harm consumers because of significant competition from other sources," the commission wrote in a blog post about the decision. "There are numerous competitors that sell suits across the range of prices of the suits the merging parties offer, including Macy's, Kohl's, JC Penney's, Nordstrom, and Brooks Brothers, among others.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 30, 2014
Baltimore Gas and Electric Co.'s parent struck a $6.9 billion deal Wednesday to acquire Pepco Holdings Inc., 16 years after BGE walked away from a protracted effort to buy its southern neighbor. Chicago-based Exelon Corp.'s purchase of Pepco Holdings Inc. in Washington would extend its presence substantially in both Maryland and the Mid-Atlantic. But analysts warned that this second attempt at combining Maryland's two biggest utilties could be difficult to consummate because it requires approval from regulators in three states and D.C. To make the deal more palatable, Exelon turned to its playbook for the successful 2012 acquisition of BGE owner Constellation Energy, Baltimore's last Fortune 500 company.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.