Investors hope for more in NRG battle (Dealscape

Shares of NRG Energy Inc. have traded over their value in the hostile proposal by Exelon Corp. in anticipation of a bump coming out of Exelon's board meeting Tuesday. But investors may be mistaken in their optimism.

Exelon has had a stock exchange offer for 0.485 of an Exelon share for each share of NRG outstanding since October. The offer, which was initially rejected by NRG in November, valued NRG shares at roughly $24.75 Tuesday. NRG traded for $25.10 per share, about 35 cents, or 1.4%, more than the long-standing unsolicited proposal.

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NOT A SUBSCRIBER? Investors hope for more in NRG battle Posted on June 30, 2009 5:22 PM Shares of NRG Energy Inc. have traded over their value in the hostile proposal by Exelon Corp. in anticipation of a bump coming out of Exelon's board meeting Tuesday. But investors may be mistaken in their optimism. Exelon has had a stock exchange offer for 0.485 of an Exelon share for each share of NRG outstanding since October. The offer, which was initially rejected by NRG in November, valued NRG shares at roughly $24.75 Tuesday. NRG traded for $25.10 per share, about 35 cents, or 1.4%, more than the long-standing unsolicited proposal. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 804 in-depth reports of M&A deals in the Energy sector 72 in-depth reports of Reorganization plans in the Energy sector 30 in-depth transaction records for NRG Energy 26 in-depth transaction records for Exelon 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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