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Exelon Corp. said it remains “on track” to close its proposed merger with Constellation Energy Group Inc. early next year, despite objections to the combination raised by a Maryland official.
In April, Chicago-based Exelon agreed to buy Constellation in a stock-for-stock deal valued at about $7.9 billion. The deal will allow Exelon, the largest U.S. operator of nuclear-power plants, to combine its generation fleet with Constellation’s sizable nuclear fleet and its large retail marketing business.
