NRG Energy mulls acquisition proposal
From Stockhouse | 2008-10-20 16:01:38
<div id="subtitle">Exelon Corporation proposes stock swap to power company</div><div><p>NRG Energy (NYSE: NRG, Stock Forum) announced Monday morning that it has received an unsolicited proposal from Exelon Corporation (NYSE: EXC, Stock Forum) to acquire all of the outstanding shares of New Jersey-based power company NRG in an all-stock exchange transaction. The exchange would be .485 share of Exelon for each share of NRG.
</p><p>A report from MarketWatch identified the premium being offered to NRG as roughly 37%, and stated that the deal, if it went through, would create the largest power company in the U.S. Shares of NRG closed Friday at $19.33, while Exelon closed at $54.50.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=35304928&bid=informcom" /></div><div id="copyright"><div>
Copyright 2008 <a href="http://www.stockhouse.com">Stockhouse</a></div></div>
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