Monday, July 27, 2009

Exelon terminates offer to acquire NRG Energy

Exelon Corporation has terminated its offer to acquire all of the outstanding shares of common stock of NRG Energy, Inc. Both the companies are based in the US. Exelon is engaged in the distribution of electricity and gas, while NRG is a wholesale power generation company. Exelon has terminated its offer in light of the proxy vote results announced today at the NRG annual meeting.
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