Pepco Holdings, Inc. (NYSE:POM) Investor Alert: Lawsuit Filed to Halt the Takeover by Exelon Corporation

A lawsuit was filed by investor in shares of Pepco Holdings, Inc. (NYSE:POM) in effort to stop the proposed takeover and NYSE:POM stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 08/20/2014 --An investor, who currently holds shares of Pepco Holdings, Inc. (NYSE:POM) filed a lawsuit in effort to halt the proposed takeover of Pepco Holdings, Inc. by Exelon Corporation.

Investors who purchased shares of Pepco Holdings, Inc. (NYSE:POM) and currently hold any of those NYSE:POM shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:POM stockholders by agreeing to sell Pepco Holdings, Inc. too cheaply via an unfair process to Exelon Corporation.

On April 30, 2014, Exelon Corporation and Pepco Holdings Inc. (NYSE: POM) announced that they have signed an agreement to combine the two companies in an all-cash transaction. Under the terms of the proposed transaction shareholders of Pepco Holdings, Inc. will receive $27.25 per NYSE:POM share.

However, the plaintiff claims that the offer is unfair to NYSE:POM stockholders and undervalues Pepco Holdings Inc. Indeed, Pepco Holdings, Inc. reported that its annual Total Revenue rose from over $4.63 billion in 2012 to over $4.67 billion in 2013.Shares of Pepco Holdings, Inc. (NYSE:POM) grew from $10.36 per share in March 2009 to as high as $22.51 per share in May 2013.

On August 18, 2014, NYSE:POM shares closed at $27.13 per share.

Those who are current investors in Pepco Holdings, Inc. (NYSE:POM) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/539432