Wednesday, August 30, 2006

Exelon-PSEG Deal Near Collapse

Exelon Corp. on Wednesday cast doubt on its ability to complete its planned $18.5 billion takeover of Public Service Enterprise Group due to the companies' struggles to receive approval from New Jersey regulators.

Exelon said in a filing with the Securities and Exchange Commission that it was still committed to its ongoing efforts to complete the acquisition, but its management believed that it was no longer likely to close the deal.

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