Duke Energy plans to issue 9.25 million to 10.64 million shares to raise cash for a portion its proposed $4.9 billion purchase of Piedmont Natural Gas. Duke has announced it is prepared to take on as much as $4.5 billion in debt for the purchase. And the company said it planned to raise as much $500 million to $750 for the deal by selling equity. Based on the average close for Duke shares over the last 30 trading days (just above $74.67 per share), the value of the shares proposed for sale would…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/energy/2016/02/duke-energy-could-sell-as-much-as-794m-worth-of.html
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