Business Column: Analysis
M&A activity shifted into a higher gear this week. After the surprise announcement of a merger between JCPenney and Sparc Group on Jan. 8, Constellation and Calpine decided it was time to tie the knot on Friday morning.
If it goes through, the merger between the two companies will create America’s leading clean-energy producer to meet the growing energy demand of the nation.
“This acquisition will help us better serve our customers across America, from families to businesses and utilities,” Joe Dominguez, president and CEO of Constellation, said in a statement explaining the rationale behind the merger….