Afternoon
Report - EXC - Exelong Explains Offer To Acquire NRG - Sourced
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EXELON CORPORATION,EXC
51.03 Up 0.88 (1.75%) 3:32PM ET
Exelon Corporation (EXC), in a letter to shareholders of NRG Energy (NRG)
provided more detail on the true value of Exelon's offer to acquire NRG. Exelon
emphasized that its offer is worth more to NRG shareholders today than when it
was first announced last October. "Exelon is asking you to elect nine new,
independent directors to an expanded NRG board of 19 directors. By changing the
dynamic in the NRG boardroom, it is our intent not to change the control of the
current board, but only to seat new directors who will bring a fresh
perspective to the situation and put the best interests of NRG shareholders -
and the shareholders' expressed interest in a transaction - first and foremost.
In our view, the present NRG board, in supporting management's unbending
position, is not acting in your best interests. Change is needed inside the NRG
boardroom, and you can make change happen by casting your votes to expand the
NRG board and elect all nine independent candidates proposed by Exelon."
Last Trade: 51.00
Day's Range: 49.54 - 51.42
52wk Range: 38.41 - 92.13
Volume: 38.41 -
92.13
ABOUT
Exelon Corporation, a utility services holding company, through its
subsidiaries, engages in the generation, transmission, distribution, and sale
of electricity to residential, commercial, industrial, and wholesale customers
in northern
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