- June 29, 2021
- Posted by: Stratford Team
- Category: Business
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Efforts to defend Duke Energy from a proxy campaign led by billionaire Paul Singer have recently taken two quiet steps backwards.
Last month, Singer’s hedge fund Elliott Management urged the utility to split its $78 billion electric-and-gas empire into three companies — an unusual proposal in an era of consolidation that a few analysts variously described as “odd” and “puzzling.”
Earlier this month, however, a trio of op-ed pieces went a bit further — and they all appeared to be working off talking points that were strikingly similar to each other.
ELLIOTT URGES DUKE ENERGY TO CONSIDER SEPARATION INTO THREE COMPANIES
A piece in American Thinker by Michael Busler appeared on May 15, highlighting static Elliott had gotten from utility regulators in Kansas and Missouri over a previous deal with local utility Evergy Holdings, with the former saying the deal offered “little upside to…
