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Duke to buy Cinergy for about $9 billion

 
 
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PostPosted: Mon May 09, 2005 4:00 pm    Post subject: Duke to buy Cinergy for about $9 billion Reply with quote

NEW YORK (Reuters) - Duke Energy Corp. <A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=DUK.N&target=/stocks/quickinfo/fullquote">DUK.N</A> on Monday said it would buy smaller power company Cinergy Corp.<A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=CIN.N&target=/stocks/quickinfo/fullquote">CIN.N</A> for about $9 billion to boost its presence in the U.S. Midwest and revive its struggling merchant power business.

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