On Tuesday, Shares of Duke Energy Corporation (NYSE:DUK), gained 1.63% to $70.95.
Duke Energy’s projected acquisition of Piedmont Natural Gas (PNY) has cleared a key condition needed for completion, the two companies declared recently.
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 Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
Shares of Reynolds American Inc. (NYSE:RAI), inclined 1.37% to $45.90, during its last trading session.
Reynolds American has declared the following: “Reynolds American Inc. declares expiration of registered Exchange Offers.”
Reynolds American Inc. (RAI) is the parent company of R.J. Reynolds Tobacco Company; Santa Fe Natural Tobacco Company, Inc.; American Snuff Company, LLC; Niconovum USA, Inc.; Niconovum AB; and R.J. Reynolds Vapor Company.
Reynolds American through its auxiliaries manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments. The RJR Tobacco segment offers cigarettes under the brand names of CAMEL, PALL MALL, WINSTON, KOOL, DORAL, SALEM, MISTY, and CAPRI; and CAMEL Snus, a smoke-free tobacco product, in addition to manages various licensed brands, counting DUNHILL and STATE EXPRESS 555.
Finally, Shares of Time Warner Inc. (NYSE:TWX), ended its last trade with 1.12% gain, and closed at $64.12.
Time Warner declared that its Executive Vice President and Chief Financial Officer Howard Averill will take part in the Citi 2016 Global Internet, Media & Telecommunications Conference on Thursday, January 7, 2016, in Las Vegas, NV.
Mr. Averill’s remarks are predictable to start at about 8:45 a.m. PT (11:45 a.m. ET).
Time Warner operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment owns and operates a portfolio of cable television networks and related properties that offer entertainment, sports, kids, and news programming on television and digital platforms for consumers. It operates about 165 channels in 200 countries.
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