Market Overview

Federal Trade Commission (FTC) Grants Antitrust Approval of Duke Energy's Proposed Acquisition of Piedmont Natural Gas

Related PNY
Total Potential Return For Duke Energy Not Exciting Enough For These Analysts
10 Notable Stocks Trading Ex-Dividend Wednesday, September 21
Related DUK
Benzinga's Top Upgrades, Downgrades For March 29, 2018
Duke Energy: Goldman Sachs Turns Bearish On Valuation, Capital, EPS Worries
FERC begins inquiry into gas pipeline certification process (Seeking Alpha)

Duke Energy's proposed acquisition of Piedmont Natural Gas (NYSE: PNY) has cleared a key condition needed for completion, the two companies announced today.

The Federal Trade Commission has granted early termination of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act with regard to the acquisition.

Expiration or termination of the waiting period is one of the conditions required for completion of the acquisition.

The transaction still requires approval by Piedmont shareholders and the North Carolina Utilities Commission.

Duke Energy and Piedmont also are providing information regarding the acquisition to the Public Service Commission of South Carolina and the Tennessee Regulatory Authority.

The companies are targeting a closing of the transaction by the end of 2016.

Posted-In: News Legal Press Releases


Related Articles (DUK + PNY)

View Comments and Join the Discussion!