Piedmont Natural Gas shareholders approve acquisition by Duke EnergyStaff writer ▼ | January 25, 2016
Shareholders of Piedmont Natural Gas voted to approve the company's acquisition by Duke Energy during a specially called meeting of shareholders at Piedmont's corporate offices in Charlotte.
Acquisition 66.8% percent of Piedmont shareholders satisfied
The companies filed for approval of the proposed acquisition with the North Carolina Utilities Commission and filed with the Tennessee Regulatory Authority to transfer Piedmont's Tennessee operating license on Jan. 15, 2016.
The Federal Trade Commission has granted early termination of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act with regard to the acquisition.
Duke Energy and Piedmont Natural Gas are targeting to close the transaction by the end of 2016. ■