In a strategic move to expand geographically and boost earnings and cash flow, Exelon Corp. made an announcement on Sunday, about its unsolicited offer to acquire NRG Energy Inc. in an all-stock transaction.
Exelon’s offer represents a total equity value of approximately $6.2 billion for NRG based on Exelon’s closing price on October 17.
With a fixed exchange ratio with a value of $26.43 for each NRG common share, the Exelon offer represents a 37 percent premium over NRG’s closing price of $19.33 a share on Friday.
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