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Duke Energy Pays a Hefty Premium to Buy Piedmont Natural Gas

2015-10-27 13:53:53| Energy - Topix.net

Piedmont shareholders will receive $60 in cash for each of their shares, a 42% premium over Piedmont's closing price Friday of $42.22. Duke will also assume about $1.8 billion in Piedmont's net debt, giving the deal an enterprise value of $6.7 billion.

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