(Updates with additional details starting in the third paragraph.)
Constellation Energy (CEG) is in talks to acquire Calpine in a transaction that would value the energy company at $30 billion, including debt, Bloomberg reported Wednesday.
Constellation is in talks with Calpine's private equity owners and a deal could be announced in the coming weeks, the report said.
Calpine was taken private in 2017 by Energy Capital Partners, CPP Investments, Access Industries in a deal valued at more than $17 billion including debt, according to the report.
There is no guarantee a deal will happen and the final price of the transaction could change, the report said.
Constellation, Calpine, Energy Capital, CPP Investments, and Access Industries did not immediately respond to request for comment from MT Newswires.
CEG shares were down nearly 10% in recent trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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