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Stock Market & Financial Investment News

News Breaks
August 25, 2014
07:02 EDTDUK, DYNDuke Energy asset sales positive, says RBC Capital
After Duke (DUK) agreed to sell midwest generation assets to Dynegy (DYN), RBC Capital says that the deal will increase the premium that investors are willing to pay for Duke, since it increases the weight of its regulated assets. The firm expects Duke to use the proceeds from the deal to increase its EPS, and it raised its price target on the shares to $81 from $80. It keeps an Outperform rating on the stock.
News For DUK;DYN From The Last 14 Days
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January 22, 2015
10:02 EDTDUKDuke Energy to build 13-megawatt solar facility at Camp Lejeune
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January 19, 2015
10:59 EDTDUK, DYNFERC requests additional information to process Dynegy acquisitions applications
Dynegy (DYN) announced that the Federal Energy Regulatory Commission, FERC, issued a letter requesting additional information to process the applications filed with FERC on September 11 for approval of Dynegy’s acquisition of Duke Energy Midwest Generation (DUK) assets and retail business and EquiPower Resources and Brayton Point Holdings assets. The company plans to respond fully within the 30-day period however, due to this request for additional information, we do not expect the transactions to close by the end of the first quarter 2015. Dynegy, Duke and Energy Capital Partners remain committed to closing the transactions as quickly as possible. The only regulatory approval remaining is from FERC.

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