The deal will expand Exelon's regulated holdings, giving it assets that have stable returns. Exelon's $27.25 per share cash offer represents a near 20 percent premium to Pepco Holdings' Tuesday close of $22.79 on the New York Stock Exchange. Pepco shares were trading at $26.56 before the bell on Wednesday. Pepco operates utilities in the Washington area, Delaware, Maryland and New Jersey, serving about 2 million customers.
via Business News - Yahoo Finance http://ift.tt/R2nR1t
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