 |
| Duke Energy |
Duke Energy announced on Monday announced it has agreed to buy Progress Energy Inc. for $ 13700000000 in shares, creating the largest U.S. power when the approval of regulatory authorities in the North and South Carolina wins.
The transaction would be an industry giant with about 7.1 million customers in North Carolina, South Carolina, USA, Indiana, Kentucky and Ohio, and 57,000 megawatts of generating capacity.
Duke offer was a modest 6.4 percent premium on the price of the last 20 days, the company said, and the transaction is a positive effect on Duke'searnings first year degree.
Duke is currently the usefulness of the United States to third parties, and both the largest market value and the ability to generate, if the purchase is made.
This could be an obstacle to the regulations, which have blocked or impeded in other acquisitions in recent years. But analysts said the deal was a good chance to win approval.
"Although it demonstrated a safety in place that both the financial strength of the company and benefits the consumer, it is approved by regulatory authorities," said Nathan Judge, an analyst at Atlantic Equities in London.
Duke CEO Jim Rogers told Reuters the new company would be a saving in the Carolinas for $ 600,000,000 $ 800,000,000 see more than five years because of the advantages of the combination of fuel costs and delivery systems.
These savings would be passed on to customers, but said the company, it was too early to estimate the overall cost savings would be joined together.
However, the agreement should enable the combined company to increase its dividend.
"Improved In fact, it is our ability to grow the dividend in the future," said Rogers. "Our plans are to grow the dividend slightly below our revenue growth."
The industry should grow at the earnings per share by 4 percent to 6 percent focus.
Rogers, the Duke, when the company Cinergy joined purchased for $ 9000000000 in 2006, the industry said a new wave of consolidation could be established, look for companies expected to grow in their budgets to the cost of financing over the coming years .
Energy supply in the past year are $ 4700000000 FirstEnergy from Allegheny Energy, E. ON 's $ 6700000000 sale of U.S. unit of PPL Corp., offering to buy the latest Carl Icahn to electricity producers Dynegy.
State regulators have tried to merge drastic concessions from the company, how to plan reductions.
In an earlier series of mergers that half of the last decade, planned mergers FPL Group and Constellation Energy Group and Exelon and Public Service Enterprise Group collapsed after the laying of regulatory issues.
The transaction would be an industry giant with about 7.1 million customers in North Carolina, South Carolina, USA, Indiana, Kentucky and Ohio, and 57,000 megawatts of generating capacity.
Duke offer was a modest 6.4 percent premium on the price of the last 20 days, the company said, and the transaction is a positive effect on Duke'searnings first year degree.
Duke is currently the usefulness of the United States to third parties, and both the largest market value and the ability to generate, if the purchase is made.
This could be an obstacle to the regulations, which have blocked or impeded in other acquisitions in recent years. But analysts said the deal was a good chance to win approval.
"Although it demonstrated a safety in place that both the financial strength of the company and benefits the consumer, it is approved by regulatory authorities," said Nathan Judge, an analyst at Atlantic Equities in London.
Duke CEO Jim Rogers told Reuters the new company would be a saving in the Carolinas for $ 600,000,000 $ 800,000,000 see more than five years because of the advantages of the combination of fuel costs and delivery systems.
These savings would be passed on to customers, but said the company, it was too early to estimate the overall cost savings would be joined together.
However, the agreement should enable the combined company to increase its dividend.
"Improved In fact, it is our ability to grow the dividend in the future," said Rogers. "Our plans are to grow the dividend slightly below our revenue growth."
The industry should grow at the earnings per share by 4 percent to 6 percent focus.
Rogers, the Duke, when the company Cinergy joined purchased for $ 9000000000 in 2006, the industry said a new wave of consolidation could be established, look for companies expected to grow in their budgets to the cost of financing over the coming years .
Energy supply in the past year are $ 4700000000 FirstEnergy from Allegheny Energy, E. ON 's $ 6700000000 sale of U.S. unit of PPL Corp., offering to buy the latest Carl Icahn to electricity producers Dynegy.
State regulators have tried to merge drastic concessions from the company, how to plan reductions.
In an earlier series of mergers that half of the last decade, planned mergers FPL Group and Constellation Energy Group and Exelon and Public Service Enterprise Group collapsed after the laying of regulatory issues.
