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October 21, 2008 | The Associated Press
Two years ago when NRG Energy Inc. rebuffed an $8-billion buyout offer, it said the bid was far too cheap to be taken seriously. There may be a bit of shareholder remorse this week, with prospective buyers now eyeing deals through the lens of a global economic downturn. Nuclear power giant and utility operator Exelon late Sunday night made an unsolicited $6.2-billion all-stock bid for NRG in a proposal that would create the nation's largest power company.
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BUSINESS
October 21, 2008 | The Associated Press
Two years ago when NRG Energy Inc. rebuffed an $8-billion buyout offer, it said the bid was far too cheap to be taken seriously. There may be a bit of shareholder remorse this week, with prospective buyers now eyeing deals through the lens of a global economic downturn. Nuclear power giant and utility operator Exelon late Sunday night made an unsolicited $6.2-billion all-stock bid for NRG in a proposal that would create the nation's largest power company.
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