Exelon files to sell 50M shares, 20M equity units Exelon announced today that it plans to commence concurrent registered offerings of 50M shares of its common stock in connection with forward sales agreements and 20M equity units, aggregate stated amount of $1B. Net proceeds of the offerings will be used to finance a portion of the Pepco Holdings Inc. acquisition announced on April 30, 2014, and for general corporate purposes. Exelon expects to enter into forward sale agreements with an affiliate of Barclays Capital Inc. and Goldman, Sachs & Co.
News For EXC From The Last 14 Days
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Exelon downgraded to Neutral from Buy at ISI Group ISI Group downgraded Execlon to Neutral and cut its price target to $33 from $40. The analyst downgraded shares due to reasonable valuation and lack of visibility into the short-medium term power market.