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Exelon Mulls Separating Nonutility Assets

Exelon  (EXC) – Get Report is looking at separating its nonutility assets from the rest of the Chicago utility giant, a media report says.

Exelon’s share price recently stood at $41.45, up 3.7%. It eased 12% year to date through Monday.

The New York activist investor Corvex Management last week urged a separation for Exelon, saying that could help its share price reach $60.

Chicago-based Exelon is working with advisers to assess the split-up idea, and no final determination has been reached, sources told Bloomberg. 

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