Exelon’s (NYSE: EXC) nearly $8 billion bid for Constellation Energy (NYSE: CEG) on Thursday could stoke action in exchange traded funds (ETFs) that follow utilities and nuclear-energy stocks.
Exelon is the largest operator of U.S. nuclear power plants, and the deal would add stakes in five reactors in Maryland and New York, Bloomberg reported.
“The utility space has been an active one for mergers and acquisitions, as companies seek to cut costs and increase scale,” reports New York Times DealBook.
The resulting company will retain the Exelon name and be headquartered in Chicago, according to a press release.