10.11.2008 - RG energy rejects $6.1 bln offer from exelon
From Bloomberg: NRG Energy Inc., the second-largest power producer in Texas, rejected an unsolicited $6.1 billion takeover offer from Exelon Corp., the largest U.S. utility owner. The offer "significantly undervalues NRG and is not in the best interests of NRG's shareholders,'' Princeton, New Jersey- based NRG said in a statement today. "The Board thoroughly reviewed Exelon's proposal and reached its decision after careful consideration with its independent financial and legal advisers.'' .... Full Article: Source