Some Constellation shareholders sue t...

Some Constellation shareholders sue to stop buyout

There are 12 comments on the Baltimore Sun story from Sep 23, 2008, titled Some Constellation shareholders sue to stop buyout. In it, Baltimore Sun reports that:

Critics of a $4.7 billion buyout of Constellation Energy Group have filed at least five shareholder lawsuits to stop the deal.

Join the discussion below, or Read more at Baltimore Sun.

Ummm

Baltimore, MD

#1 Sep 23, 2008
Free-market, deal with it. Dumb ass investors.
name not important

United States

#2 Sep 23, 2008
Can anyone say how to join one of these law suits?
Dave

Hyattsville, MD

#3 Sep 23, 2008
I feel sorry for the stockholders, but when you play the stock market it is a gamble. Have to take the losses with the wins. If it was a guarantee deal everyone would buy stocks. I chose not to do it and haven't lost a penny. I don't think the stockholders were complaining about Shattuck and the rest of his cronies when they were making dividend payments to them. Same thing with those who borrowed (mortgages) money for homes they knew damm well they couldn't afford. Greed will get you ever time. Unfortunately, the taxpayers are the ones stuck with the consequesnces of others bad behavior and decisions. I have planned for retirement and will enjoy it. That is if the voters of Maryland throw out O'Malley, Miller and Busch.
George from Pasadena

Glen Burnie, MD

#4 Sep 23, 2008
I hope all the speculators in energy driven stocks and futures go broke. Their silly and reckless games are the ruin of this country.
FireTrembley

United States

#5 Sep 23, 2008
The purpose of the CEO of a publicly traded company is to maximize shareholder earnings. This was clearly not done. I know it's good for Baltimore and the employees that this company gets sold to Buffett, but Mayo is once again not following proper business ethics.
Fabby

Manchester, MD

#6 Sep 23, 2008
The Baltimore Sun is an O'Malley and Shattuck SHILL.

After the SUN online poll on whether the merger was a good idea or not started turning negative against the deal, guess what The SUN did?

The SUN YANKED the online poll. Notice it's no longer a part of any new CEG buyout story!

HAHA! Pathetic Baltimore Sun as usual, including Jay Hancock.

Why doesn't the Sun just endorse O'Malley for re-election now? The Sun's business writers have already endorsed this bad deal! HAHA!

FYI: I'm sure this comment will be removed by The Sun like others have for some unknown reason.
Fabby

Manchester, MD

#7 Sep 23, 2008
Oh, FYI to The Sun and others...

France is #1 in nuclear power.

Maryland just lost its new nuclear plant.

Do the math next time please.
George from Pasadena

Glen Burnie, MD

#8 Sep 23, 2008
I agree with the top coment Fabby but as for the French, well if you love them so much then go live there.
Amused

Stroudsburg, PA

#9 Sep 23, 2008
Fabby wrote:
Oh, FYI to The Sun and others...
France is #1 in nuclear power.
Maryland just lost its new nuclear plant.
Do the math next time please.
What's your point? No foreign entity can have control over US nuclear facilities. So, EDF would have to partner with an american firm, KKR. How does that equate to losing a nuclear plant?
Amused

Stroudsburg, PA

#10 Sep 23, 2008
George from Pasadena wrote:
I agree with the top coment Fabby but as for the French, well if you love them so much then go live there.
I've heard that sentiment before. It is as illogical today as it was during the civil rights movement. Come on you remember, if you don't like it here, why don't you go back to where you came from. Pathetic
Doug

United States

#11 Sep 23, 2008
Unless you're part of the good old boy network, just what were you thinking.Little,middle class investers, like most of us, are always the first to get the shaft.
K-Y ? Anyone?
Amused

Stroudsburg, PA

#12 Sep 23, 2008
Doug wrote:
Unless you're part of the good old boy network, just what were you thinking.Little,middle class investers, like most of us, are always the first to get the shaft.
K-Y ? Anyone?
Oh God, you people love to pontificate on things you don't understand. Constellation is 70% owned by institutions and 10% owned by EDF. When I went to school 80% was greater than 20%. Has that changed? OK, OK you don't understand. 80% from 100% is 20% and that's the amount held by individuals. Four times the amount of institutional holdings as opposed to little middle class guys. But why let facts confuse you.

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