Duke Energy to Acquire Westcoast Energy for $8.5 Billion

Duke Energy announced the acquisition of Westcoast Energy in an $8.5 billion cash and stock transaction, expected to close in Q1 2002. The deal expands Duke Energy's position in the North American natural gas market and combines significant pipeline, storage, and processing assets.

“Duke Energy has announced the expansion of its position in the North American natural gas market with the acquisition of Westcoast Energy in an $8.5 billion cash and stock transaction.”

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