In a recent development to the Exelon bid for Texas Power Company NRG,has been fought to bring it to end by NRG management. Ans so has ended the long proxy fight. This was the effect of NRG's management writing a note to its shareholders which talked about undervaluing the power company. NRG claimed to have its share value from $36 to $42 while Exelon valued it at $26. The offer is said to have equaled about $7.5 billion.
Exelon CEO John Row said that its time to move on for strengthening Exelon's stand-alone opportunities. With this ends the Exelon - NRG Saga.
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