Business & Tech
Exelon Against Unsolicited Offer To Buy 35 Percent Of Stock
Chicago-based Exelon operates the most number of nuclear power plants in the U.S. including Limerick's generating station.
May 23 (Reuters) - Exelon Corp said TRC Capital Corp made an unsolicited mini-tender offer for up to 3 million of its shares.
TRC is seeking to buy the shares, which would represent about 0.35 percent of Exelon's common stock, for $36.55 per share.
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Exelon said the offer was 4 percent below its share-closing price on May 17, the approximate date of commencement of the offer.
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