Duke Energy resists Singer restructuring plan

Paul Singer’s Elliott Management released a letter it sent to Duke Energy proposing a plan to divide Duke into its constituent parts. Elliott would have Duke separate into three regionally based entities; one in the Carolinas, one in Florida, one in the Midwest.

The company is resisting, and after seeing its stock hit new highs for the year earlier this week, the company is playing what one may call the ‘climate card’ in the process.

In unrelated Ellington news, Eric Cole’s Warlander Continue Reading

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