Filed under: Industry
The dealmaking is heating up in the nuclear sector. This day, Exelon Corp (NYSE: EXC) upped its hostile bid by 12% for NRG Energy (NYSE: NRG). This new price tag translates into a valuation of $7.45 billion.
The wrangling between the companies has gone on for roughly eight months. In fact, hostile deals can be time-consuming (in some cases, lasting a couple years).
Something else: Exelon has indicated that this is the “best and final offer.” Apparently, the company has realized new cost savings, which justifies the higher valuation.
Continue reading Exelon’s deal for NRG gets nuclear
Exelon’s deal for NRG gets nuclear originally appeared on BloggingStocks on Thu, 02 Jul 2009 15:45:00 EST. Please see our terms for use of feeds.
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