NRG Energy released a statement yesterday in response to Exelon’s announcement that shareholders were in favor of combining the two companies. According to the statement, NRG is open to negotiating with Exelon, but only "at a fair exchange rate and on reasonable terms." NRG still feels that Exelon’s offer is unacceptable as is.
From MarketWatch, here’s a brief synopsis of Exelon’s offer:
… Read the restIn October, Exelon proposed to buy all outstanding shares of NRG common stock
After reviewing the unsolicited proposal from EDF, Constellation Energy announced that it’s Board of Directors has authorized further communication with EDF regarding the offer. As of this point, however, the Board is still recommending that shareholders vote for the merger with Warren Buffet’s MidAmerican.
According to Constellation’s press release:
… Read the restConstellation Energy said the decision to begin discussions with EDF was made following consultation with its legal and financial advisors, and in a manner consistent
VBV LLC and it’s subsidiaries, Indiana Bio-Energy, LLC and Ethanol Grain Processors, LLC, have approved a merger with Green Plains Renewable Energy. The next step in the merger is for Green Plains Renewable Energy shareholders to vote on the deal. The shareholder vote is scheduled for October 10th.
Some details about the plan, from Biofuels Journal:
… Read the restPursuant to the terms of the merger agreement, VBV and its subsidiaries will become wholly-owned subsidiaries of Green