NextEra Energy made takeover approach to Duke: WSJ
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(Reuters) - Power producer NextEra Energy Inc (NYSE: NEE) recently made a takeover approach to peer Duke Energy Corp (NYSE: DUK), the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
NextEra is still interested in pursuing the combination even after Duke, with a market value of more than $60 billion, rebuffed its approach, the report said https://on.wsj.com/30m16w1.
The report, however, added there is no guarantee that NextEra would pursue a deal or whether its approach would culminate in one.
NextEra, worth about $139 billion, did not immediately respond to a Reuters request for comment, while Duke said it does not comment on market rumors or speculation.
Shares of Duke rose about 7% in extended trading.
Earlier in the day, a NextEra unit said it had entered into definitive agreements with affiliates of Blackstone to acquire electric transmission firm GridLiance for about $660 million, including debt.
(Reporting by Praveen Paramasivam in Bengaluru, Editing by Sherry Jacob-Phillips)
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