Deals
Exelon Agrees to Purchase Pepco Holdings for $6.8 Billion
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Exelon Corp., the largest U.S. nuclear operator, agreed to buy Pepco Holdings Inc. for $6.8 billion in cash to create the biggest electric and natural gas utility in the Mid-Atlantic region.
The deal values Pepco, operator of the utility that serves the Washington metro area, at $27.25 a share, according to a joint statement today. That represents a 20 percent premium over Pepco’s closing price yesterday.