Download Share Price History
Karla Ganger
NOTE: The Closing Price, Day's High, Day's Low, and Day's Volume have been adjusted to account for any stock splits and/or dividends which may have occurred for this security since the date shown. The Split Adjustment Factor is a cumulative factor which encapsulates all splits since the date shown. The closing price is not necessarily indicative of future price performance.
All shares and all certificates representing Unicom Corporation or Commonwealth Edison Company were required to be exchanged for Exelon Corporation common stock. Each one share of Unicom (or Commonwealth Edison) received 0.875 shares of Exelon common stock.
On March 12, 2012, Exelon Corporation acquired Constellation Energy Group, Inc. All shares and all certificates representing Constellation Energy Group or Baltimore Gas and Electric Company were required to be exchanged for Exelon Corporation common stock. Each one share of Constellation Energy Group (or Baltimore Gas and Electric Company) received 0.93 shares of Exelon common stock.
On March 23, 2016, Exelon acquired Pepco Holdings Inc. (PHI). Each share of PHI (former ticker POM) was converted into the right to receive a cash payment of $27.25 per share (the Cash Payment). The Cash Payment is fully taxable as income in 2016 regardless of when the holder tendered shares for payment.
PHI was formed on August 2, 2002 when Potomac Electric Power Company (PEPCO) acquired Conectiv Power Delivery (Conectiv). Holders of Conectiv common stock (former ticker CIV) and Conectiv Class A common stock (former ticker CIV.A) were given the opportunity to elect to receive either cash or shares of PHI common stock in exchange for their Conectiv shares.
Holders who elected to receive shares of PHI common stock received 1.28205 shares of PHI common stock for each share of Conectiv common stock and 1.11227 shares of PHI common stock for each share of Conectiv Class A common stock.
Holders who did not make an election received 0.84882 shares of PHI common stock and $8.44792 in cash for each share of Conectiv common stock and 0.73642 shares of PHI common stock and $7.32942 in cash for each share of Conectiv Class A common stock.
Each share of Delmarva Power & Light Company common stock (former ticker DEW) received one share of Conectiv common stock. Each share of Atlantic Energy Inc. common stock (former ticker ATE) or Atlantic City Electric common stock received 0.75 shares of Conectiv common stock and 0.125 shares of Conectiv Class A common stock.
The financial boom occurred during an era of optimism. Families prospered. Automobiles, telephones, and other new technologies proliferated. Ordinary men and women invested growing sums in stocks and bonds. A new industry of brokerage houses, investment trusts, and margin accounts enabled ordinary people to purchase corporate equities with borrowed funds. Purchasers put down a fraction of the price, typically 10 percent, and borrowed the rest. The stocks that they bought served as collateral for the loan. Borrowed money poured into equity markets, and stock prices soared.
The financial boom, however, continued. The Federal Reserve watched anxiously. Commercial banks continued to loan money to speculators, and other lenders invested increasing sums in loans to brokers. In September 1929, stock prices gyrated, with sudden declines and rapid recoveries. Some financial leaders continued to encourage investors to purchase equities, including Charles E. Mitchell, the president of the National City Bank (now Citibank) and a director of the Federal Reserve Bank of New York.6 In October, Mitchell and a coalition of bankers attempted to restore confidence by publicly purchasing blocks of shares at high prices. The effort failed. Investors began selling madly. Share prices plummeted.
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