Please read my new topic on this merger, this is a crapshoot with the small stockholder loosing in the end, UNLESS we/you vote NO to all proposals, You will or have received a merger packet in the mail today or maybe tomarrow.
I think that it has to be voted on by shareholders and approved by the regulators. Since part of this has been rescheduled to later dates, the total return will be less or negative if it is not approved. I do not know if shareholders approved it. Exelon shareholders may vote against it as it is a bad deal for them. Pepco Holders may get greedy and turn it down. It could be up for a vote so that could be a time for taking profits at near or above the $27.25 price. Selling at near $27.25 appears to have been a good move if this is going to take a long time or the stock could go back below $20. Teco yields near 5% and Hawaiian Industries also does. These might be better picks than staying in Pepco.
Mr. bottomfisher, you are 100% correct in your statement. I just received my merger packet in the mail today and voted against all proposals. Take a good look at proposal #2 on executive compensation, what a "deal" for the top 300 or so. "Double dipping" into this merger. We need ALL shareholders to vote no on all three proposals.