Sunday, January 9, 2011

Duke Nears Deal to Buy Progress Energy - NYTimes.com

"Under the terms of the proposed all-stock deal, which could be announced as soon as Monday, Duke would value Progress at a little over $13.1 billion, according to people briefed on the matter. Final details were still being negotiated and the talks could still fall apart, said these people, who spoke on condition of anonymity because of the confidential nature of the negotiations."

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