By Zachary R. Mider and Mark Chediak
"Duke, led by Chairman and CEO James Rogers, may announce as early as tomorrow a stock merger valuing Raleigh, North Carolina-based Progress at slightly more than its Jan. 7 market value of $13.1 billion, people with knowledge of the matter said. Rogers, 63, plans to hand off the Duke CEO job to Johnson, 57, and to remain on the board, the three people said, speaking on condition of anonymity because the talks are private."
"Duke, led by Chairman and CEO James Rogers, may announce as early as tomorrow a stock merger valuing Raleigh, North Carolina-based Progress at slightly more than its Jan. 7 market value of $13.1 billion, people with knowledge of the matter said. Rogers, 63, plans to hand off the Duke CEO job to Johnson, 57, and to remain on the board, the three people said, speaking on condition of anonymity because the talks are private."
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