Duke Energy (DUK) closes its acquisition of Progress Energy (PGN) but surprisingly names Jim...

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

Duke Energy (DUK) closes its acquisition of Progress Energy (PGN) but surprisingly names Jim Rogers as CEO and Chairman of the combined company. The plan had been for Progress CEO Bill Johnson to lead the new firm, with Rogers as executive chairman, but Johnson has left. Duke shares +192% premarket following a 1-for-3 reverse stock split. (PR) (previous)