Exelon (EXC) Raises Offer For NRG (NRG) to 0.545/Share
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Exelon Corporation (NYSE: EXC) increase in its offer to acquire all of the outstanding NRG (NYSE: NRG) common stock in an all-stock transaction with a fixed exchange ratio of 0.545 of a share of Exelon common stock for each NRG share, a 12.4% increase over the initial exchange offer of 0.485. Exelon's increased offer represents value of over $3 billion to NRG shareholders.
Based on yesterday's close the deal is worth $28.10 per share to NRG shareholders, versus yesterday's NRG close of $26.05.
Exelon also filed today with the SEC an investor presentation that will be used as part of the company's proxy solicitation for the election of nine new, independent directors to the NRG board of directors.
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