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Actionable news in PNY: PIEDMONT NATURAL GAS COMPANY Inc,

Jim Cramer — Duke Energy Buying Piedmont Natural Gas a Wise Move

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Shares of Piedmont Natural Gas (PNY - Get Report) are up nearly 39% Monday thanks to Duke Energy (DUK - Get Report) saying it will buy the company for $4.9 billion, or $60 per share, in an all-cash deal.

This deal was completed at a whopping 40% premium, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.

This was a...


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