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(Updates stock price at opening bell.)
After weeks of back and forth, Exelon(EXC Quote) has sweetened its offer for NRG Energy(NRG Quote) in its ongoing hostile bid to take over the company.
Exelon increased its bid on Thursday, citing $1.5 billion in new synergies. The company said it would now offer 0.545 of its own shares for each NRG share in the all-stock transaction. The deal is now valued at more than $7.4 billion. Exelon initially offered an exchange ratio of 0.485 last fall.
Exelon shares were trading down 1.7% to $50.70 immediately after the opening bell Thursday. ...
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