Skadden, Arps, Slate, Meagher & Flom advised Duke Energy on the deal.
Duke Energy has entered into a cooperation agreement with Elliott Investment Management L.P. The agreement provides for the appointment of two new independent directors to Duke Energy’s board of directors and is consistent with Duke’s focus on enhancing shareholder value.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies.
Elliott Investment Management L.P. (together with its affiliates, “Elliott”) is one of the oldest fund managers of its kind under continuous management.
J.P. Morgan Securities LLC and Centerview Partners served as Duke Energy’s financial advisors with respect to the cooperation agreement.
The Skadden team included M&A partners Pankaj Sinha (Picture; Washington, D.C.) and Richard Grossman (New York), counsel Erik Elsea (Washington, D.C.), and associate Christina Phan (Houston).
Involved fees earner: Erik Elsea – Skadden Arps Slate Meager & Flom; Richard Grossman – Skadden Arps Slate Meager & Flom; Christina Phan – Skadden Arps Slate Meager & Flom; Pankaj Sinha – Skadden Arps Slate Meager & Flom;
Law Firms: Skadden Arps Slate Meager & Flom;
Clients: Duke Energy;