Exelon Corporation EXC and Constellation Energy CEG today
announced that Constellation's shares will no longer be listed on the New York
Stock Exchange and the Chicago Stock Exchange and will cease being traded
prior to the opening of markets on Tuesday, March 13, 2012. The action follows
completion of Constellation's merger with Exelon, creating the nation's
leading competitive energy provider.
Shareholders of both Constellation and Exelon will receive pro-rated dividends
in order to synchronize the two companies' dividends so that Constellation
shareholders will receive dividends at Constellation's rate through the day
before closing and all Exelon shareholders (including former Constellation
shareholders) will receive dividends at Exelon's rate from the closing date
and after. As previously declared by Constellation's board of directors, a
pro-rated dividend equal to $0.23760 per share of Constellation's common stock
will be paid on April 11, 2012, to Constellation shareholders of record at the
close of business on March 9, 2012.
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