Warren Buffett may lose on his investment in NRG. I notice Exelon is making a bid for NRG at $26.43 a share. I suspect Warren Buffett paid about $ 37 / share for NRG stock.
http://www.marketwatch.com/news/sto...BB4ED2-04A7-49C4-AEF3-3514EBEEC6F9}&dist=hpts
LONDON (MarketWatch) -- Electricity generator Exelon Corp. said late Sunday that it's offered to buy rival NRG Energy Inc. in a $6.2 billion all-stock bid that it said would create the largest power company in the U.S.
NRG 19.33, +1.15, +6.3%) CEO David Crane and its chairman Howard Cosgrove offering an exchange rate of 0.485 Exelon shares for each NRG share -- worth $26.43 a share at Friday's closing price. The proposal represents a premium of roughly 37%.
http://www.marketwatch.com/news/sto...BB4ED2-04A7-49C4-AEF3-3514EBEEC6F9}&dist=hpts
LONDON (MarketWatch) -- Electricity generator Exelon Corp. said late Sunday that it's offered to buy rival NRG Energy Inc. in a $6.2 billion all-stock bid that it said would create the largest power company in the U.S.
NRG 19.33, +1.15, +6.3%) CEO David Crane and its chairman Howard Cosgrove offering an exchange rate of 0.485 Exelon shares for each NRG share -- worth $26.43 a share at Friday's closing price. The proposal represents a premium of roughly 37%.