NextEra Energy Mulling Takeover Of Duke Energy: WSJ Reports

(RTTNews) - NextEra Energy, Inc. (NEE) recently made a takeover approach to Duke Energy Corp., the Wall Street Journal reported citing people familiar with the matter.

Duke rebuffed the approach, but NextEra is still interested in pursuing a deal. However, there is no guarantee NextEra will do so and if it does, that a deal would result.

As per the report, an acquisition of Duke, if successful, could be the largest utility deal ever.

NextEra, the largest public utility company in the U.S., has a market value of about $139 billion and Duke has a market value of around $61 billion.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.