NRG blasts rival Exelon's hostile bid again | Reuters - 0 views
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Energy Net on 14 Mar 09NRG says again Exelon bid too low * Says financing plan "troubling" * Exelon unavailable for comment LOS ANGELES, March 12 (Reuters) - NRG Energy (NRG.N), trying to fight off a hostile bid from rival utility Exelon Corp (EXC.N) worth potentially about $5.6 billion, blasted theoffer as being too cheap and urged shareholders on Thursday again to reject the deal. Top NRG executives have been trying to fend off Exelon since October, when the offer to swap 0.485 Exelon shares for each NRG share was broached. [ID:nN26538238] But Exelon, the largest nuclear power operator in the United States, said last month its bid had won support from a majority of NRG's shareholders, and hence extended the deadline on its offer to June 26.