Exelon Corp. said it made a $6.2 billion all-stock offer to buy power generator NRG Energy Inc., an indication that falling stock prices in the power sector are creating an appetite for deals.
The offer, for a fixed exchange ratio of 0.485 shares of Exelon stock for each share of NRG stock, amounts to $26.43 a share -- nearly $20 a share less than what NRG stock fetched last spring. However, that offer price still represents a 37% premium over NRG's closing share price on Friday. It is based on a price of $54.50 a share for ...
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