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Tuesday s Afternoon Update
floridatrend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floridatrend.com Daily Mail and Mail on Sunday newspapers.
Nina E King Named Duke s Vice President and Director of Athletics
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Duke Energy Pushes Back On Hedge Fund s Call For Company Reorganization
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Elliott Investment Management L.P. ("Elliott"), which manages funds that have an investment in Duke Energy Corporation ("Duke" or the "Company") that make it a top 10 investor in the Company, today sent a letter to Duke's Board outlining a plan to create $12 to $15 billion of line-of-sight near-term value for shareholders. Elliott explained that this value upside is based on observable publicly traded market valuation metrics of Duke's closest peers and does not incorporate meaningfully higher valuations realized in recent transactions in Florida and Indiana, which would result in several billion dollars of incremental value.