Exelon raises hostile bid for NRG to $8 billion

Courtesy Newsvine - business  Thu, 07/02/2009 - 05:28

Exelon Corp. on Thursday sweetened its hostile takeover bid for rival power generator NRG Energy Inc. by 12 percent to $8 billion in stock, citing newly identified cost savings along with NRG's recent deal for Reliant Energy's Texas retail business.


 

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