NextEra Energy CEO rules out hostile M&A after offer to Duke Energy

Duke Energy, which has a market capitalization of $65 billion, has rebuffed NextEra’s acquisition interest, according to a person familiar with the matter who confirmed a Wall Street Journal report about the approach that was published on Tuesday. Speaking at a Wolfe Research conference on Wednesday, Robo declined to comment specifically on NextEra’s approach to Duke, but said that major acquisitions in his industry could only happen if the companies involved worked co-operatively. …read more

Source:: Yahoo Finance