Exelon buys Pepco for $6.83 bn in energy deal
New York (AFP) April 30, 2014 - US nuclear power generator Exelon Corp announced Wednesday that it has reached an agreement to buy power company Pepco Holdings for $6.83 billion in cash. Pepco, the main electric and gas provider for the US states of New Jersey, Delaware and the capital of Washington, was valued at $27.25 per share, according to a statement by Exelon. The figure is a 20 percent premium over Pepco's clos ... more
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