It is blatantly obvious that the MD PSC decision was leaked prior to the public announcement. It should be very easy to determine who was trading on non-public information. Low hanging fruit if the SEC pursues it.
I'm guessing it's already been released to insiders based upon the action of the stock. But still no public announcement that I've seen. I guess the public will never be given a level playing field with the insiders
At least your 4% will become 5 or 6%, but I would anticipate a cut in the divvy. PHI will be on the ropes after this. They put all their eggs into the Exelon basket, including Rigby's retirement announcement. I anticipate a hiring freeze, layoffs and a divvy cut and perhaps even a sale of PES.
The DC PSC has not even weighed in yet. They'll want twice whatever MD demands because that's the way they operate. Exelon will either lower the offered price or skip town. No way are they going to pay $27.25 and that has been evident for quite some time.
There is nobody on deck after Exelon. PHI is an orphan and destined to drift as a pipes and wires company. Look for big staff reductions after Exelon bows out. I'm glad I sold 90% of my position after the merger was announced. Wish I had sold it all.
Look out below.
I believe it will get done. However MD and DC are extracting so many concessions that I wonder if Exelon is going to want a price concession.
Thank you. Hours of in-depth analysis go into my posts. Today's action supports my position. MD will decide in April. Beware.