Elliott has stake in Duke Energy, in talks for board seats, WSJ says

Paul Singer's Elliott Management has a stake in Duke Energy (DUK) and has been in discussions with the company to add directors and possibly take other actions to boost its stock price, Cara Lombardo of Wall Street Journal reports, citing people familiar with the matter. Elliott may also urge Duke to sell some assets or make operational improvements, sources told the Journal. In a statement to the paper, Duke didn't comment on Elliott's stake but cited its "strong progress over the last year that has cleared a path forward for growth, resolved equity needs at a premium valuation, settled rate cases and coal ash litigation, and accelerated our clean energy transformation, all of which has led us to increase our long-term EPS growth rate and outperform the S&P Utility Index." Shares of Duke Energy are up 4%, or $3.96, to $104.80 following the report. Reference Link