Deals
Exelon, Pepco Weighing New Takeover Terms After DC Rejection
- Regulators give 14 days for parties to review revised deal
- Proposal offers new path for Exelon's $6.8 billion takeover
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Exelon Corp.is weighing new terms for its $6.8 billion takeover of Pepco Holdings Inc. after Washington regulators rejected its latest proposal for the deal.
The District of Columbia’s Public Service Commission voted to reject an earlier merger settlement and to present new conditions, the commission said Friday in a statement. If those terms are accepted within 14 days, the takeover is approved with no further action.