According to Exelon, NRG shareholders have positively to its offer to combine the two companies, tendering 125,403,103 shares of NRG’s common stock, over 51% of the outstanding shares. Exelon has extended its offer deadline until June 26th to seek regulatory approval and solicit proxies to serve at the NRG shareholder meeting.
According to John Rowe, Exelon’s Chairman and CEO
… Read the rest“Yesterday’s result delivers another clear and convincing message to NRG’s board and management that a
Due to higher expenses, Exelon Energy’s third-quarter earnings have dropped from last year. The latest reports show income decreasing from 780 million, or $1.15 a share a year ago to $700 million, or $1.06 per share. Although this was below analyst’s expectations of $1.13/share, the decrease was partially due to some one-time big ticket expenses. as BullishBankers.com notes below:
… Read the restDuring the last quarter, Exelon also encountered a few special items including an $80 million
Exelon, a power company with the nation’s largest fleet of nuclear reactors, made an all-stock bid to NRG Energy late Sunday, according to CNN Money. The deal would widen Exelon’s geographic reach, and also help improve NRG’s credit rating. The smaller company has about 8 million in debt. Here are some more details about the bid, from CNN Money
… Read the restChicago-based Exelon said in a press release that it had offered 0.485 of an