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June 20, 2021
Home » Duke Rejects Hedge Fund Elliott’s Breakup Pressure
Backed by state leaders, Charlotte, N.C.-based Duke Energy (NYSE:DUK) on Monday rejected hedge fund Elliott Management’s proposal to break up the company into three regionally focused, publicly traded utilities. Elliott — whose management of funds invested in Duke make it one of the company’s top 10 investors, it claims —...
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