Duke Energy completes acquisition of Piedmont Natural Gas

North Carolina-based utility company Duke Energy has completed its acquisition of Piedmont Natural Gas. The deal is worth approximately $4.9 billion in cash and assumption of approximately $1.8 billion in Piedmont existing net debt, representing total enterprise value of approximately $6.7 billion. Piedmont will retain its name and operate as a business unit of Duke Energy. Both companies are headquartered in Charlotte. The acquisition will add Piedmont