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Constellation Energy Shares Are Surging 22% After Buyout Deal
JP Morgan Maintains Neutral on AppLovin, Raises Price Target to $325
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Constellation Shares Are Trading Higher After the Company Announced Plans to Acquire Calpine.
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Market-Moving News for January 10th
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Palantir CTO Shyam Sankar Challenges Automation's Potential As Selling Pressure Mounts: 'What Have We Been Doing For 20 Years?'
One of the largest mergers in the power generation sector! Constellation is close to acquiring Calpine for nearly 30 billion dollars.
On Wednesday, Bloomberg reported that Constellation Energy is negotiating with Calpine's Private Equity investors regarding the acquisition. The Trade valuation could reach 30 billion dollars (including debt), and it is expected to become one of the largest mergers and acquisitions in the history of the power Industry. The final announcement is expected to be released in the coming weeks, but there may still be changes in the negotiations.
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Jefferies Maintains Buy on AppLovin, Raises Price Target to $425
AppLovin Analyst Ratings
TradePulse Power Inflow Alert: GE Vernova (GEV) Receives Alert and Moves 3.3% Higher In The Session