Exelon Corp to buy Pepco Holdings for $6.83 bln

(Reuters) - Nuclear power producer Exelon Corp said it would buy Pepco Holdings Inc for $6.83 billion (4.06 billion pounds) to create the biggest Mid-Atlantic electric and gas utility. The $27.25 per share offer represents a near 20 percent premium to Pepco Holdings' Tuesday close of $22.79 on the New York Stock Exchange. (Reporting by Swetha Gopinath in Bangalore; Editing by Saumyadeb Chakrabarty) Read More http://ift.tt/R2f5Aw