Tag Archives: drama

Takeover Drama Continues Between NRG Energy (NRG) And Exelon (XEL)

And another installment in the drama between NRG and Exelon…NRG Energy, struggling to defend itself from a hostile takeover by Exelon, has filed a lawsuit against Exelon. In the suit, NRG claims that Exelon’s offer to NRG shareholders was a "sham" intended to compel NRG to negotiate and that Peco Energy customers could see a dramatic increase in their electric bills in the event of a takeover.

Here are more details on the suit from … Read the rest