(Corrects deal value in the first item to $7.45 billion from
$7.43 billion)
Stocks on the move [HOT-RTRS]
Real-time Equity news [U][E][RESF/US]
For U.S. stock market report double-click [.N]
0709 ET 02July2009-Exelon raises hostile bid for NRG
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Exelon Corp (EXC.N) on Thursday raised its hostile takeover
bid for independent power producer NRG Energy Inc (NRG.N) to
$7.45 billion, citing newly identified cost savings and NRG's
recent acquisition of Reliant Energy's retail business.
Under the increased offer, NRG common stock holders will
receive 0.545 share of Exelon for each NRG share held.
In October, Exelon, the largest nuclear power company in
the United States, offered 0.485 share for each NRG share in a
bid valued at $6.2 billion.
For details, see [ID:nBNG512453]
Shares of Exelon closed Wednesday at $51.56 while NRG rose
3.6 percent to $27 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0705 ET 02July2009-Economic indicators for July 2
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Economic indicators on tap for Thursday include weekly
jobless claims and ECRI data, May durable goods and factory
orders data, manufacturing and non-farm payroll data for June,
the June unemployment rate, average earnings and workweek hours
for June and ECRI inflation data for June.
For details, see [ECI/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0659 ET 02July2009-Earnings diary for July 2
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Companies scheduled to report quarterly results on Thursday
include: MSCI Inc (MXB.N), Acuity Brands (AYI.N) and MSC
Industrial Direct (MSM.N). Earlier Methode Electronics (MEI.N)
reported its fourth-quarter results. [ID:nWNAB3963]
For details, see [RESF/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
