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

1 year ago124 min
https://topinvestingtoday.com/wp-content/uploads/2021/12/cover-6-1280x813.jpg
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 https://on.wsj.com/30m16w1.

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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.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