WestSide Corp., the target of a A$178 million ($166 million) takeover bid from China’s Landbridge Group Co., said it’s in talks with companies that may lead to a higher offer for the coal-seam gas explorer.
The difference between the value of Duke Energy Corp.’s all-stock offer and Progress Energy Inc.’s share price widened after the companies said federal regulators may rule as early as today on a proposal to ease competitive concerns stemming from Duke’s $17 billion acquisition.
Duke Energy Corp. is nearing an agreement to buy Progress Energy Inc. and put Progress Chief Executive Officer William Johnson in charge of what will be the largest U.S. utility, said three people with knowledge of the matter.
A damaged Florida nuclear plant that spurred a boardroom coup at Duke Energy Corp. in July risks getting scrapped unless the power company can justify spending more than $1.3 billion on the costliest-ever U.S. atomic repair.
Progress Energy Inc. , which plans to merge with Duke Energy Corp. to create the largest U.S. utility owner, led a list of 14 near-misses by U.S. nuclear plant operators last year, the Union of Concerned Scientists, a watchdog group, said today in a report .