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EdF Bids for Constellation Nuclear Assets
Updated from 3:49 a.m. EST
PARIS -- Electricite de France said Wednesday it will challenge famed investor Warren Buffett's planned takeover of U.S. wholesale power generator Constellation Energy (CEG Quote) by offering $4.5 billion for half the company.
France's state-controlled power company, which backed down from a full takeover bid for Constellation in October, said it had offered to take a 50% stake in Constellation's nuclear operations through a joint venture.
Shares in EdF sank following the announcement amid investor fears that a bruising takeover battle may be brewing. ...
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