Dahlman Rose Maintains Hold on Constellation Energy Group (CEG)

Dahlman Rose is out with its report today on Constellation Energy Group CEG, maintaining Hold. In a note to clients, Dahlman Rose writes, "Constellation and Exelon plan to begin applying for the necessary regulatory approvals for the proposed merger and expect the transaction to close in 1Q12. We are maintaining our Hold rating on CEG shares." Shares of CEG closed Thursday at $36.67.