EconomyEditor's PickNewsNextEra Energy made takeover approach to Duke – WSJ

2 years ago594 min
imageStock Markets1 hour ago (Sep 29, 2020 09:05PM ET)

(C) Reuters.

(Reuters) – Power producer NextEra Energy Inc (N:NEE) recently made a takeover approach to peer Duke Energy Corp (N:DUK), the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

NextEra is still interested in pursuing the combination even after Duke, with a market value of more than $60 billion, rebuffed its approach, the report said

The report, however, added there is no guarantee that NextEra would pursue a deal or whether its approach would culminate in one.

NextEra, worth about $139 billion, did not immediately respond to a Reuters request for comment, while Duke said it does not comment on market rumors or speculation.

Shares of Duke rose about 7% in extended trading.

Earlier in the day, a NextEra unit said it had entered into definitive agreements with affiliates of Blackstone (NYSE:BX) to acquire electric transmission firm GridLiance for about $660 million, including debt.

NextEra Energy made takeover approach to Duke – WSJ

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