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Stock Market & Financial Investment News

News Breaks
June 17, 2014
04:59 EDTEXCExelon upgraded to Buy from Hold at Jefferies
Jefferies upgraded Exelon to Buy with a $42.50 price target citing valuation.
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.

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