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Center for Environment, Commerce & (Free subscription) | 27/11/2008
It is being reported that Exelon is attempting a hostile takeover of NRG Energy in order to get access to its proposed nuclear power plant project in Texas. A $6.2 billion proposal has already been rebuffed, but Exelon seems to be determined and will make another offer. NRG Energy has a Nuclear Regulatory Commission (NRC) approved reactor, the Advanced Boiling Water Reactor (ABWR), but the proposed...
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Market Watch (Free subscription) | 25/11/2008
SAN FRANCISCO (MarketWatch) -- Exelon Corp. had decided to take its $6.2 billion bid to buy NRG Energy to the shareholders after the company rejected its initial offer. In a statement released Tuesday, Exelon urged NRG shareholders to support the deal and exchange their NRG stock for Exelon shares. "We are determined to complete our proposed transaction and urge the NRG shareholders to speak strongly...
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Business Week (Free subscription) | 25/11/2008
Hewlett-Packard () posts $1.03, vs. $0.86 a year ago, fourth quarter non-GAAP EPS on 19% revenue rise. EPS inline with preannouncement. Based on current exchange rates, HPQ now expects an unfavorable y/y currency impact on revenue of about 5 percentage points in the first quarter and roughly 6-7 percentage points for fiscal year 2009. Sees first quarter revenue of about $32-$32.5 billion, non-GAAP...
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NewsWatch: Energy (Free subscription) | 25/11/2008
To no one's surprise, NRG Energy has formally said no to Exelon's offer to buy them out. NRG already rejected the unofficial offer on Nov. 9 and is now rejecting the same offer the Chicago-based power giant is bringing to...
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Law Blog - WSJ.com (Free subscription) | 25/11/2008
NRG Energy's board again rejected Exelon's unsolicited buyout offer, originally valued at $6.2 billion, as "clearly inadequate," after Exelon took its hostile offer directly to shareholders.
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New York News, Weather, and Sports (Free subscription) | 25/11/2008
NRG Energy's board again rejected Exelon's unsolicited buyout offer, originally valued at $6.2 billion, as "clearly inadequate," after Exelon took its hostile offer directly to shareholders.
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Business Wire (Free subscription) | 24/11/2008
PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE: NRG) today announced that its Board of Directors, after careful consideration with its independent financial and legal advisors, voted unanimously to reject
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News Unfiltered (Free subscription) | 24/11/2008
Dr. Madeleine K. Albright, Principal of The Albright Group LLC and former US Secretary of State, along with outspoken energy efficiency advocate David Crane, CEO of NRG Energy, will present the 2nd annual Platts Lecture, "Sense and Sustainability: What Strategies Will Really Work to Create a New Energy Future?" next week in New York City. Platts is a leading global provider of energy and commodities...
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NewsWatch: Energy (Free subscription) | 20/11/2008
Online energy trading/M&A news site SparkSpread.com had an item today saying the folks at NRG Energy are considering buying the retail electric business of Houston-based Reliant Energy. Does NRG plus RRI equal HL&P? A marriage between two-thirds of the former...
