Constellation Energy Stock Rises on Boardroom Shake-Up
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BTCCSquare news:
Constellation Energy (CEG) shares edged nearly 1% higher Monday after appointing energy veteran Alan Armstrong to its board. The former CEO of a major energy conglomerate brings 14 years of executive experience and DEEP industry connections to the power producer.
Armstrong's arrival coincides with Constellation's $26.6 billion acquisition of Calpine, which will create America's largest clean energy portfolio. The deal includes $4.5 billion in cash, 50 million shares, and $12.7 billion in assumed debt - positioning the combined entity as a dominant force in renewable power generation.
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