NextEra Energy made takeover approach to Duke – WSJ

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NextEra is still interested in pursuing the combination even after Duke, with a market value of more than $60 billion, rebuffed its approach, the report said https://on.wsj.com/30m16w1.

The report, however, added there is no guarantee that NextEra would pursue a deal or whether its approach would culminate in one.

NextEra, worth about $139 billion, did not immediately respond to a Reuters request for comment, while Duke said it does not comment on market rumors or speculation.

Shares of Duke rose about 7% in extended trading.

Earlier in the day, a NextEra unit said it had entered into definitive agreements with affiliates of Blackstone (NYSE:BX) to acquire electric transmission firm GridLiance for about $660 million, including debt.