Constellation Energy Files Preliminary Proxy Statement for Proposed Merger with MidAmerican Energy Holdings Co.

MidAmerican Energy Holdings Company and Constellation Energy announced that Constellation Energy has filed preliminary proxy materials with the Securities and Exchange Commission (SEC) related to its proposed merger with MidAmerican Energy Holdings Company.

On Sept. 19, MidAmerican and Constellation Energy reached a definitive merger agreement in which MidAmerican will purchase all of the outstanding shares of Constellation Energy for a cash consideration of approximately $4.7 billion, or $26.50 per share. In addition, MidAmerican provided an immediate $1 billion cash infusion to Constellation Energy through the purchase of preferred equity. The definitive agreement has been approved by both companies’ boards of directors and is subject to, among other things, shareholder and customary federal and state regulatory approvals. Information about the transaction is available at www.constellationmidamerican.com.