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Author: brucedoe Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8740  
Subject: Duke & Progress Energy (OT?) Date: 1/11/2011 8:46 PM
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I don't know where to post this, but Duke is set to buy Progress Energy (PGN), which is our local electric company. We own a small amount of PGN and DRIP it. What happens to the stock will depend on how Duke buys PGN, but I suppose the DRIP will just become defunct?

When you DRIP PGN, the shares are actually held by a third party - Computershare

brucedoe
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