Warren Buffett sells remaining Constellation shares - Silicon Valley / San Jose Business Journal:

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Buffett, his company (NYSE: BRK.A, and that company’s subsidiary , are each no longee stockholders inConstellation (NYSE: CEG), accordinhg to a form with the Securities and Exchangw Commission filed Monday. They have been slowly divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percentt last month. The sale ends the relationship betweemn the investorand Constellation, one of two Fortune 500 companiesa in Baltimore City. Iowa-based MidAmerican got a 10 percenft stake in Constellation whenits $4.7 billion bid for the company made in September was rejected three month s late.
That offer came after a cash crunch led to a steep declinein Constellation’s stock price over several days and some investorsa feared bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percent of its nuclear business for $4.5 billiomn to French firm , which had also been in the biddintg for the company in September. For the cancelation, Constellation had to pay $175 million in breakuo fees and $418 millionb for stocks. It also had to repau a $1 billion loan from Buffettf with 14percent interest. A decision on whether the deal with EDF requirews Maryland approval is expectedr ina week. The deal is expecter to close this fall.