Risk.net

NRG deals another blow to Exelon takeover attempt

The board of directors at NRG sent a response to Exelon today, claiming the July 2, 2009 offer of an all-stock transaction with a fixed exchange ratio of 0.545 of a share of Exelon common stock for each NRG share, was not in shareholder's best interests. "Indeed, by any objective analysis, the increase in your offer fails to adequately compensate NRG stockholders even for the value created by NRG since your original offer was launched," the statement said.

Exelon, a Chicago-based utility, first i

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: