Duke Energy has agreed to a price of $72 per share for the stock sale associated with its planned $4.9 billion acquisition of Piedmont Natural Gas. The forward sale deal with a consortium of major banks will raise $666 million to $764.9 million for Duke, depending on whether the banks redeem an option to purchase additional shares in the next 30 days. Duke (NYSE:DUK) announced the sale Tuesday and priced the shares Wednesday. The range is a little higher than Duke’s original estimate that it…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/energy/2016/03/duke-energy-sets-price-for-stock-sale-to-support.html
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