Change font size:

NRG, Sector Jump After Takeover Bid October 20, 2008

NRG Energy bonds and loans jumped five to seven points today after Exelon’s $6.2 billion bid for the Princeton, N.J.-based energy producer. The bonds hit a high of 88 1/4 this morning before trading back down to 86 7/8 around noon, still well above Friday’s closing price of 81. The bank debt rose over five points to 85 1/2-88 1/2 Monday, from Friday’s close of 80. Other energy names moved on the news as ...

--------------------------------------------------------------------------------

To continue reading this article, please subscribe or take a free trial.

Subscribe Subscribers have unlimited access to all current content, email alerts and breaking news. Start your subscription today - click on the button below. Subscribe		Free Trial Taking a free trial will give you access to the current issue, email alerts and breaking news for a limited period. Start your free trial today. Free Trial

Already Have An Account? Username: Password: