Press Release

Kirkland & Ellis Represents Exelon in Pepco Acquisition

Kirkland & Ellis LLP represents Exelon Corporation (NYSE: EXC), which today announced it signed a definitive agreement to acquire Pepco Holdings Inc. (NYSE: PHI), in an all-cash transaction consideration of $27.25 per share. The agreement brings together Exelon’s three top-performing electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ electric and gas utilities – Pepco, Atlantic City Electric and Delmarva Power – to create the leading Mid-Atlantic electric and gas utility. 

The Kirkland team is led by corporate partners George Stamas, Mark Director, William Sorabella and Andrew Herman, and debt finance partners Ashley Gregory and Christian Nagler, along with corporate associates Kimberly Harkness and David Snyder, debt finance associate Kathryn Leonard and executive compensation partner Howard Klein.