Duke Energy to Buy Piedmont Natural Gas

Subscribe to get our blog posts in your inbox --> click here.

Duke Energy to Buy Piedmont Natural Gas | F.E. Moran Special Hazard Systems

Duke Energy, the largest power company by generation capacity in the U.S., has offered to buy Piedmont Natural Gas company.

Duke Energy is offering $60 per share of Piedmont, totaling about $4.9 billion in cash.  This is a premium of 42% to Friday's stock close.

In addition, Duke Energy will assume $1.8 billion of Piedmont's debt.  This will give the company a net value of $6.7 billion.

Read the original story here. 

You Might Also Like...

 Gas-fired Power Plants - Fire Hazards and Protection

Natural Gas Plant Fire Forces Town Evacuation 

VIDEO: Massive Explosion at a Natural Gas Plant