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Exelon denial signals battles over $40B in utility deals

The rejection of Exelon Corp.’s $6.8 billion takeover of Pepco Holdings Inc. proved a warning for an industry trying to gain approval for $40 billion worth of deals: Be ready for an uphill battle with local regulators. The District of Columbia’s move to block the merger on Tuesday throws in doubt Exelon’s goal of creating the ...

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