Stock Newsletter on Stock Merger & Acquisition (WTS, CBC, SB, CECO, CEG)

Watts Water Technologies, Inc. (NYSE: WTS) announced today that it completed the acquisition of Blue Ridge Atlantic Enterprises (BRAE) in a share purchase transaction.

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Capitol Bancorp Limited (NYSE: CBC) announced today that it has entered into a collective stock redemption transaction with three Colorado affiliates, Fort Collins Commerce Bank, Larimer Bank of Commerce and Loveland Bank of Commerce, to sell its 51 percent interest in each bank. At year-end 2009, total assets were approximately $224 million for the three affiliates.

Safe Bulkers, Inc. (NYSE: SB) announced today that it has entered into shipbuilding contracts for the construction of two Chinese-built, drybulk Kamsarmax-class vessels of approximately 82,000 deadweight tons at contracted price of $32.2 million each, with expected delivery dates in the fourth quarter of 2011 and the first quarter of 2012.

Career Education Corporation (NASDAQ: CECO) today announced it has acquired for cash the International University of Monaco (IUM), a leading international business university located in the Principality of Monaco, Monte-Carlo. IUM will join CEC’s INSEEC group, based in Paris, France.

Constellation Energy (NYSE: CEG) today announced it has signed an agreement with Houston-based Navasota Holdings to purchase two natural gas combined-cycle generation facilities in Texas for $365 million, the equivalent of $332 per kilowatt. The purchase price is subject to closing adjustments.

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