Duke Energy Buying Rival Progress Energy for $13.7 Billion in Stock

Duke Energy Buying Rival Progress Energy for .7 Billion in Stock
Duke Energy Corp. Chief Executive Jim Rogers has long wanted his utility to get bigger. Now it will be the biggest of all. Duke is buying North Carolina rival Progress Energy Inc. for .7 billion in stock, a deal that will give it the most customers, power capacity and market value in the U.S.
Read more on The Lakeland Ledger

Add a Comment

Your email address will not be published. Required fields are marked *