The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** Bayer AG is offering to swap its animal health assets for Merck & Co Inc's consumer healthcare business, people familiar with the matter said on Tuesday, in a move that could give the German drugmaker a leg up in the $14 billion auction of the Merck business.** Nuclear power company Exelon Corp agreed to purchase utility company Pepco Holdings Inc for more than $5.4 billion in cash, Bloomberg reported, citing people familiar with the transaction.
Pepco Holdings, Inc. (PHI) is a holding company, that, through regulated public utility subsidiaries, is engaged primarily in the transmission, distribution and default supply of electricity and the distribution and supply of natural gas (Power Delivery): Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Shares of POM traded higher by 17.73% or $4.04/share to $26.83. In the past year, the shares have traded as low as $18.04 and as high as $23.25. On average, 2466240 shares of POM exchange hands on a given day and today's volume is recorded at 9350426.
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