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Elliott's proposed Duke split untimely, analysts say, as advocates warn of 'dangerous can of worms'

Deep Dive Elliotts proposed Duke split untimely, analysts say, as advocates warn of dangerous can of worms Analysts question why the proposal to split Duke Energy into three companies comes now, when the utility is on an upswing, while ratepayer advocates warn against Elliott Managements outsized role. Published May 20, 2021 Kena Betancur via Getty Images A proposal to break up Duke Energy into three separate compan...
United States North Carolina South Carolina Mike Doyle Andrew Weisel Paul Patterson

Elliott Investment Management Sends Letter to Board of Directors of Duke Energy Corporation

Elliott Investment Management L.P. ("Elliott"), which manages funds that have an investment in Duke Energy Corporation ("Duke" or the "Company") that make it a top 10 investor in the Company, today sent a letter to Duke's Board outlining a plan to create $12 to $15 billion of line-of-sight near-term value for shareholders. Elliott explained that this value upside is based on observable publicly traded market valuation metrics of Duke's closest peers and do...
United States North Carolina South Carolina Dan River Stephen Spruiell Jesse Cohn
Source: yahoo.com

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