CHARLOTTE – Florida-based NextEra Energy recently made a takeover “approach” to Duke Energy and was “rebuffed,” but tha rejection doesn’t mean it might try again.
The Wall Street Journal reported the buyout overture, and the utilities aren’t talking.
But even if the firms were to come to terms, a deal faces many obstacles.
“Any deal would need to pass muster with several government officials in a highly regulated industry,” notes financial news site SeekingAlpha.
NextEra’s market value of $139 billion makes it the largest public utility.
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Charlotte-based Duke Energy is worth some $60 billion.
The Journal cited unnamed sources in its report.
“Duke rebuffed the approach but NextEra is still interested in pursuing a deal,” the Journal said.
“There is no guarantee NextEra will do so and if it does, that a deal would result.”
But the Journal added that “hostile deals in the utility industry are rare.”
