InfoAnda - EDF reveals $4.5-bln counter-bid for half of Constellation nuclear

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. hints deadline could slip on Russia arms deal | International | | 8 April 2009
Bill Strengthens To Cat 4; NOAA Sends Hurricane Plane To Have A Look | 15 October 2009
Banks and Mann to star in Thinking | Entertainment | | 17 April 2009

Iraq to vote Wednesday on US forces pact | 22 November 2008

">Forum Views () ">Forum Replies ()

Read more with google mobile : EDF reveals $4.5-bln counter-bid for half of Constellation nuclear

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: EDF reveals $4.5-bln counter-bid for half of Constellation nuclear AFP - 2 hours 37 minutes ago PARIS (AFP) - - French state-controlled electricity giant EDF said on Wednesday it was ready to pay 4.5 billion dollars (3.53 billion euros) for half of the nuclear activities of US group Constellation Energy. The terms offered by EDF amount to 52 dollars per share, the French group said, or 96 percent more than the price offered by MidAmerican Energy controlled by US financier Warren Buffett, which is pursuing a bid for the whole of Constellation Energy worth 4.7 billion dollars. The price of shares in EDF, the biggest generator of nuclear power in the world, slumped by 6.30 percent to 41.76 euros. The overall French market was showing a fall of 2.13 percent. So far this year, EDF shares have fallen by nearly 50 percent, and the CAC 40 stock index by 45 percent. The chief executive of EDF, Pierre Gadonneix, said the terms offered by the French group were "markedly better" than those offered by MidAmerican. A stock trader, who declined to be named, told AFP that the EDF terms amounted to "an enormous premium" on the offer by MidAmerican Energy. He commented that EDF needed a partner in the United States to develop the new generation European EPR nuclear power generating system, saying that the French offer might succeed because the terms were attractive. EDF's nuclear capacity produces most of the electricity consumed in France, and also produces power for export throughout Europe. France, via EDF (Electricite de France) and its nuclear power engineering giant Areva, is a leading force in the global nuclear energy market, which has gained new vitality in the last few years as oil and gas prices rose. EDF said that its proposal was based on the creation of a joint company with Constellation Energy and was conditional on approval from US authorities, if the agreement between MidAmerican Energy and Constellation Energy were dropped. EDF already owns 9.51 percent of Constellation Energy. Shareholders in the US group are to vote on December 23 on the offer from MidAmerican Energy, which their own board has recommended. EDF had already said it believed the offer from MidAmerican Energy undervalued the target group and said it might increase its own shareholding. Press reports had also suggested that EDF might link with US investment fund KKR to make a counter-bid, but six weeks ago it said it was dropping any such idea because of the effects of the credit crisis on the availability of funds. But EDF, in its statement on Wednesday, said that its latest offer was not subject to any financing conditions. EDF also said its proposal involved the provision of one billion dollars initially, as part of the purchase price, and an option enabling Constellation Energy to sell its non-nuclear activities to EDF for up to 2.0 billion dollars. In July 2007, EDF concluded an agreement with Constellation Energy to build two so-called third-generation EPR reactors. Constellation Energy is also linked to Areva, having agreed to buy one of its EPR reactors. At the end of September, EDF announced the biggest takeover in its history by buying British Energy for more than 15 billion euros (19 billion dollars), thereby obtaining a powerful position in the British nuclear energy sector. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo French state-controlled electricity giant EDF said it was ready to pay 4.5 billion dollars (3.53 billion euros) for half of the nuclear activities of US group Constellation Energy. Most Popular – Top Stories Viewed Wall Street plunges as recession becomes reality Sweden to come to rescue of struggling carmakers Saab and Volvo World stocks tumble as economic fears deepen Love handles increase death risk: study Saudi king says 75 dollar oil price 'fair' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Wednesday, 3 December 2008
Court ruling brings down Thai government
Thai airports to reopen after PM ousted by court
Tiepolo found in attic sells for two million pounds
Hudson in-law charged with killing 3 relatives
Rosie's dreams of TV variety comeback are dashed
China Merchants Property sells assets for $236 mln
Mumbai attacks put Bollywood on hold
Suspected Pakistani militant nabbed in Philippines
Publisher of Houghton Mifflin Harcourt quits
Madonna, a president and ex-rebel hostage meet
Japanese climbers trapped on NZ mountain
5 Filipino troops killed in communist attack
RPT-GLOBAL MARKETS-Asia stocks, oil rebound but caution prevails
Police: Mumbai gunmen came by sea from Pakistan
Thai protesters leave airport as flights due in
Thai airports reopening after PM ousted by court
Miami retrospective of Naomi Campbell pics opens
New wealth stirs Chinese interest in horse-riding
NATO agrees thaw with Russia, boosts ties with Georgia, Ukraine
Guantanamo ex-prosecutor slams system: interview
Thai protesters lift airport siege, flights due in | International |
Obama to name Bill Richardson as commerce secretary
Pirates free Yemeni cargo ship, no ransom paid | International |
Excuse me, do you speak climate?
Islamist leader calls on pirates to free ships
North Korean teen defectors get capitalist education | International |
Some 100 countries to sign cluster bomb ban in Oslo
India suspects to be tried in Pakistan
MySpace delivers video to mobile phones | Technology |
Malaysia raises doubts over Thai plans for ASEAN summit
Global economic woes trigger Canada political crisis
WRAPUP 1-S.Korea sees weaker growth; forex reserves slide
Filipino radio journalist gunned down
Vietnam Football Federation offer big money to lure Manchester United
Pakistani stocks floor removal after IMF approval
SKorea braces for provocation by NKorea: defence ministry
LG Elec sees slight handset sales growth in 2009 | Technology |
S$6m assistance scheme to help lower income, elderly Incomeshield policyholders
Vietnam announces billion-dollar economic stimulus: report
S.Korea c.bank to hold emergency meeting Wednesday
McCain urges free and fair elections in Bangladesh
As music sales slow, digital market offers hope | Technology |
Sri Lanka says moving on Tiger political HQ
KAMCO to buy $890 bad loans from S.Korea thrifts
Rice arrives in India after Mumbai attacks
Seoul shares end flat; banks rise, autos retreat
Thailand avoids chaos but solution to take time -ASEAN
Asian stocks rebound on heels of Wall Street
S.Korea to intervene marginally in forex market
Korea Hot Stocks-C& Group, Hanjin Heavy, mutual savings
Rachel among top Spirit picks | Entertainment |
Cinematheque honors Samuel L. Jackson | Entertainment |
For Golden Globes, strategy has starring role | Entertainment |
Fonda, Nicholson to join California Hall of Fame
As music sales slow, digital market offers hope | Entertainment |
Britney Spears Circus is back -- new album, tour | Entertainment |
Elvis Costello out of tune as talk-show host | Entertainment |
Well-heeled tourists flee Thailand on private jets
Longtime employees set to run Shubert Organization
Jet Li: China ready for volunteerism 'explosion'
Funky Islamic fashion struts conservative catwalk
Cambodia's golf plans now face financial hurdles
Taiwan leader urges China to screen hit film
Beyonce to perform at Essence Fest in New Orleans
Nuclear, biological terror attack 'likely': US commission
Funky Islamic fashion struts conservative catwalk
Iraq's president steps up row over PM's councils
SKorean activists send anti-North Korean leaflets
Australia intercepts boat of suspected refugees
Powers to press North Korea at swan-song talks
MySpace streams online video to smart phones
Bollywood star eager for Malaysia honorary title
Malaysia's Petronas cuts chemicals output as downturn hits
Games-SEA Games to introduce quotas to prevent medal sweeps
Thai AIS launches 3G in Bangkok, limited coverage
US forces kill 3 Taliban militants in Afghanistan
Rice arrives in India in wake of Mumbai attacks
Malaysia raises doubts over Thai plans for ASEAN summit
Fonda, Nicholson to join California Hall of Fame
Gary Chaw Shanghai concert is a Scam
McCain says US to follow Bangladesh election
China praises Nepal for stopping Tibetan protests
Thailand protests Philippines' take on crisis
'Bailout' beats 'maverick' in US dictionary's word of year contest
Grammy nominations hit prime-time with TV special
100 police staff protest over pay in China: rights group
Mumbai's popcorn man 'saw only blood' as he fled
Jade Liu involved in drunk fighting
Taiwan's air force denies transporting cash for ex-president
American folk music legend Odetta dies at 77
Hanks angling for inauguration spot: any spot
Taiwan president nixes Dalai Lama visit
China Internet cafes switching to Chinese OS
Attacks on Mumbai hotel wound city's psyche
AMP's album recording done live at concert!
Award winning artistes may not get re-contract with TVB
Keen to invest in Asian real estate, consider Tokyo
MND announces another 10 temporary dorm sites for foreign workers
COE prices up in most categories, except for vehicles & bus
Rice arrives in India in wake of Mumbai attacks
Michelin guide sparks criticisms from Hong Kong gourmets
Chinese AIDS activist taken home by police
Asian fund industry execs see more job cuts ahead
Activists vows to protect whales from Japanese
New Zealand commodity prices fall further in November
Bomb kills 4 in attack on Pakistan army convoy
Israeli riot police enter restive West Bank city
Iran's president acknowledges economy in danger
EDF reveals $4.5-bln counter-bid for half of Constellation nuclear
Zimbabwe police charge protestors | International |
Some 100 countries ban cluster bombs as signing begins in Oslo
Israel declares parts of Hebron closed military area
Powers to press North Korea at swan-song talks | International |
Suicide car-bomber kills four in Pakistan | International |
U.S. forces in Iraq detain, kill Iran-backed suspects | International |
Nigeria infant drug toll hits 34 | International |
US panel presents sobering report on WMD threat
MySpace streams online video to smart phones
TSMC employees on unpaid leave to cut costs
Republicans hold on to pivotal Senate seat in Georgia vote
Director—General of UNESCO to visit Singapore
Clinton urges Asians to give more
Deadline for global climate treaty in question
CATS musical returns to S’pore in April 2009
Job cuts, sick car sales, weak demand point to European rate cuts
BlackBerry-maker hit as subscriber growth slows | Technology |
Indonesia to host ASEAN foreign ministers' meeting
Kia says plans for US plant proceeding on schedule
Telus buys faster network technology from Nortel | Technology |
No swift resolution for Lehman Minibond holders
FACTBOX-South Korea's FX reserves at near 4-yr low
Ex-AOL boss seeks funds for his firm, not Yahoo: report | Technology |
Animated Star Wars series makes Asian debut on MediaCorp’s Ch 5
Pakistan's 6-mth T-bill cut yield flat at 14.0108 pct
Chinese police to dispatch anti-terror liaisons
HK stocks climb after Wall Street rebound
Taiwan's Siliconware cuts Q4 sales forecast
Pakistan says will raise rates if reserves drop
Costa Rican president shares his country’s initiatives on environment
ADB to release $180 million for Pakistani roads
China stocks rise on government support
Twilight star Stewart to play rocker Joan Jett | Entertainment |
Neve Campbell drawn to Philanthropist | Entertainment |
Woman sues Tyler Perry for copyright infringement
Philippines backs Thai delay of ASEAN summit
S.Korea won turns down on grim econ outlook, stocks
Thai embassy decries Philippine government statements on protests
Taiwan president nixes Dalai Lama visit
Taiwan dlr at near 3-yr low on foreign fund outflows
Singapore COSCO says client cancels order for 2 vessels
SKorea preparing for possible NKorean provocations
Rice: Mumbai attacks could bear al-Qaida's stamp
US forces kill 10 Taliban militants in Afghanistan
Tajik police make large drug seizure
Union lauds CapitaLand’s move to cut costs and save jobs
Husband of hostage killed in Mumbai recalls last few agonising hours
K-Fed: I'd rather see my kids than Britney's money
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01