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January 25, 2013
08:39 EDTEXCExelon option implied volatility is elevated
Exelon option implied volatility is elevated, near the upper end of its 52-week range according to iVolatility.
News For EXC From The Last 14 Days
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October 9, 2015
15:19 EDTEXCPepco, Exelon deal must be given second look by state watchdogs, CTFN says
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October 7, 2015
11:23 EDTEXCExelon, Pepco merger on track for year-end completion, CTFN says
After the three major parties opposing the merger of Exelon (EXC) and Pepco (POM) reversed course and offered support for the deal, the merger will be sent back to the District of Columbia Public Service Commission that previously rejected it, CTFN noted. Reconsideration is rare and there is some question if it should be handled as a formal reconsideration, a "re-opening" of the record, or a new merger application, though several experts say the process could be expedited so the regulators do not have to start all over, CTFN said. James Van Nostrand, director of the Center for Energy and Sustainable Development at West Virginia University, told CTFN that the PSC could issue a new ruling as quickly as 30 days, but that a 60 day timeline is more likely, which would mean a potential re-vote could happen around year-end. Reference Link
October 6, 2015
17:59 EDTEXCPepco, Exelon reach merger settlement with District of Columbia
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17:52 EDTEXCPepco, Exelon reach merger settlement with Washington D.C.
15:44 EDTEXCDC Mayor to announce negotiated settlement on Exelon/Pepco deal, Bloomberg says
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October 4, 2015
16:56 EDTEXCExelon reaches tentative agreement in proposed Pepco deal, Bloomberg says
Exelon (EXC) has reached a tentative agreement with Washington D.C. over the company's proposed Pepco (POM) acquisition, reports Bloomberg, citing people with direct knowledge of the discussions. The preliminary agreement includes an increased number of customer credits and would also require Exelon to set up secondary headquarters in D.C., said one of the sources. Reference Link
October 1, 2015
13:45 EDTEXCRecent news supportive of Exelon-Pepco merger approval, says KeyBanc
After the Office of People's Counsel said it was pleased that Exelon (EXC) and Pepco Holdings (POM) were willing to offer additional consumer benefits through settlement discussions and D.C.'s Attorney General filed a motion to extend by 30 days the schedule to file comments on the proposed merger, KeyBanc analyst Paul Ridzon said he views both developments as supportive of the deal. The firm has an Overweight rating on Pepco shares.
September 29, 2015
16:41 EDTEXCGE Hitachi, Exelon Generation form joint development of two digital solutions
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September 28, 2015
19:13 EDTEXCPepco, Exelon file for reconsideration of merger
Pepco Holdings (POM) and Exelon Corporation (EXC) have filed a petition for reconsideration of their merger with the Public Service Commission of the District of Columbia. The companies are working with the District of Columbia government to reach a settlement agreement. "We remain convinced our merger offers significant benefits to customers and the District, and we continue working to complete it," said Chris Crane, president and CEO of Exelon. "Since the Public Service Commission explained why it didn't approve the merger last month, we've worked to learn what's most important to the District - and we are responding." The District of Columbia government issued a statement confirming that it is engaged in substantive discussions with the companies on a settlement agreement. It added that any settlement agreement would be presented in a new application to the PSC for review, public comment and final determination. Joseph Rigby, chairman, president and CEO of Pepco Holdings, said, "We look forward to completing discussions with the District that will allow for a stronger Pepco to provide improved reliability along with the other significant benefits our merger will deliver to the District."
19:11 EDTEXCOn The Fly: After Hours Movers
HIGHER: Yahoo (YHOO), up 3.3% after the board authorized Yahoo to continue to pursue the Aabaco spin-off plan... Cheniere Energy (LNG), up 0.67% after Carl Icahn raised his stake in the company to 11.43%... Republic Airways (RJET), up 7.4% after the company was upgraded to Buy from Hold at Deutsche Bank... Exelon (EXC) and Pepco (POM), higher by 1% and 2.4%, respectively, after the DC Mayor's office released a statement confirming discussions of a settlement agreement with the companies. LOWER AFTER EARNINGS: SYNNEX (SNX), down 2.7% after the company reported Q3 results, gave Q4 guidance, and raised its quarterly dividend. ALSO LOWER: Zosano (ZSAN), down 52.5% after it discontinued development of its Daily ZP-PTH treatment for severe osteoporosis and terminated a collaboration agreement with Eli Lilly (LLY)... OvaScience (OVAS), down 15.9% after the company announced it doesn't expect to meet its previous 2015 goal of 1,000 Augment treatment cycles.
17:20 EDTEXCDC Mayor's office releases statement on Exelon, Pepco merger negotiations
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