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Nuclear Future Is Now as Biggest Profit for Exelon: Real M&A

Exelon Corp. is trying to pull off its largest takeover by acquiring more nuclear power plants -- less than two months after the industry’s worst disaster since Chernobyl.

The biggest U.S. operator of nuclear power facilities agreed to purchase Constellation Energy Group Inc. of Baltimore for about $7.9 billion in stock, giving the Chicago-based company stakes in five more reactors. Including net debt, the transaction would be Exelon’s first acquisition over $1 billion since 2002 after three deals fell apart in the past seven years, according to data compiled by Bloomberg.