NRC OKs Exelon Takeover of Constellation: Hot Trends

NEW YORK (TheStreet) -- Exelon(EXC) is trending Friday as the Nuclear Regulatory Commission approved the company's proposed $7.9 billion takeover of Constellation Energy Group(CEG) .

The NRC said staff and management at Constellation Energy Nuclear Group's plants would remain unchanged when Exelon takes over. The deal has already been approved by the Justice Department, both companies' shareholders and New York and Texas regulators.

Constellation's nuclear division operates reactors in Maryland and New York, and both companies own plants in Texas, where Constellation also markets power and gas. Maryland regulators are expected to announce whether the state will give approval to the deal Friday.

Anglo-American is another poplar search as the mining company posted record operating profit for 2011 on strength from its coal and diamond operations.