Exelon Corp. to Buy Pepco Holdings Inc. for $6.8 Billion in Cash

By: | May 4th, 2014

Image courtesy Wikipedia Commons

The largest United States nuclear operator, Exelon Corp, just got even larger, recently agreeing to buy Pepco Holdings Inc. for $6.8 billion in cash.

This is significant news as it represents the biggest utility acquisition in North America this year.

Pepco is currently valued at $27.25 a share and will provide an estimated 2 million customers to Exelon as the company continues its expansion in the eastern United States.

Exelon Chief Executive Officer Chris Crane said in a statement, “Exelon and Pepco Holdings have a compelling strategic rationale for merging, given our geographic proximity and similar utility business models.”

Michael Cooney

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