Why Constellation Energy Stock Topped the Market on Thursday

It appears that Constellation Energy Group (NASDAQ: CEG) is closing in on a major acquisition that will significantly expand its business. A media report stated that the company is in talks with the federal government to assuage antitrust concerns over the deal. Cautiously optimistic investors bought the company's stock by 2% on Thursday after the news broke.Near market close on Wednesday, Bloomberg published an article stating that Constellation is negotiating a settlement with the Department of Justice (DOJ) to secure the agency's approval for its acquisition of peer electric company Calpine. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool