MARKET TALK: Exelon Bid For NRG Energy Should Get Sweeter -RBC
09 Juli 2009 - 3:26PM
Dow Jones News
[Dow Jones] Exelon (EXC) can sweeten bid for NRG Energy (NRG)
one more time, RBC Capital Markets says. EXC stated it made its
final offer, but valuation supports higher bid, firm says. Sees EXC
making higher offer after getting chance to do due diligence, but
likely won't come until after July 21 annual meeting of NRG
shareholders. "Given the value proposition NRG presents to EXC
shareholders, we do not believe that EXC will easily walk away,"
RBC says.
(mark.peters@dowjones.com)
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