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No. of Recommendations: 0 a 40% premium!

"The all-cash deal works out to $60 per share for Piedmont (NYSE:PNY), about a 40% premium to Friday's $42.21 close. Duke (NYSE:DUK) will also assume roughly $1.8B in PNY existing net debt, bringing the total enterprise value to $6.7B."

Wish I owned this one! ;-)

Home Fool
(long DUK)
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