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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (33968)3/28/2009 3:39:28 PM
From: Dale Baker  Read Replies (1) of 78704
 
NRG-EXC is an interesting idea; why do you think EXC has no means to follow through? It's a stock deal, and EXC has more than 51% of NRG locked up in tenders. Next step is for them to push through board changes at NRG's June annual meeting, which would pave the way for approving the merger. The only possible stumbling block seems to be NRG's debt refinancings, but EXC is large enough that they may be able to work that out.

With an arb gap of almost 25% today, NRG looks like an interesting play.
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