RALEIGH, N.C. AP - Progress Energy and Duke Energy have agreed that July will be the new deadline for completing their merger to create the country's largest electric utility.The companies said in a filing last week to the Securities and Exchange Commission that they agreed to forgo an initial termination date in the merger agreement until July.
January 10, 2012 at 12:00 AM
1 minute read
RALEIGH, N.C. AP – Progress Energy and Duke Energy have agreed that July will be the new deadline for completing their merger to create the country’s largest electric utility.
The companies said in a filing last week to the Securities and Exchange Commission that they agreed to forgo an initial termination date in the merger agreement until July. The deal was valued at $13.7 billion when it was announced one year ago.
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