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PRINCETON, N.J. - NRG Energy Inc. said Tuesday that it is still considering an unsolicited $6.2 billion all-stock bid from nuclear power giant and utility operator Exelon Corp.
NRG said in a letter to Exelon's chief executive that its board is undertaking a thorough review of the proposal, which would create the nation's largest power company, and will respond promptly after that review has been completed.
The letter follows another sent by Exelon's chief executive the day before asking if NRG's board had made a decision on the offer yet.
Exelon originally made the offer on Oct. 20.
In afternoon trading, NRG shares rose $1.75, or 7.8 percent, to $24.25, while Exelon shares rose $3.78, or 7.1 percent, to $56.82.
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