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Monday, January 10, 2011

Deal bonanza heralds optimism for 2011 M&A, (NYSE: DUK), (NYSE: PGN), (DCO), (NYSE: PLA)

A clutch of deals worth nearly $21 billion were struck over the past day ranging from enzymes to bunny ears, fueling Wall Street optimism that M&A volumes could rise for the second year in a row. Duke Energy (DUK.N) agreed to buy Progress Energy (PGN.N) for $13.7 billion in an all-stock deal creating the largest U.S. power company. [ID:nSGE70909G] Danish food ingredients and enzymes company Danisco (DCO.CO) overnight announced a $5.8 billion deal to be bought by DuPont. [ID:nLDE7090IW] Playboy Enterprises Inc (PLA.N), the publisher known for its bunny ears and nude centerfolds, on Monday announced plans to go private in a deal that values the company at $207 million. [ID:nSGE7090AD]

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