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January 28, 2023
Home » DC Halts Exelon's Acquisition of Pepco Holdings; Pepco Stock Tumbles
By Michael Brooks, Suzanne Herel and Ted Caddell WASHINGTON -- The D.C. Public Service Commission last week unanimously denied Exelon’s proposed $6.8 billion acquisition of Pepco Holdings Inc., sparking applause in the hearing room and sending PHI shares tumbling on Wall Street. “When this proposed merger is considered as a whole … we conclude...
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