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Red Hat CFO: We have a Plan B if Duke-Progress merger faces complications

Dec 19, 2011, 06:00 (0 Talkback[s])

"Other than the utility companies themselves, no corporation has as big a stake in the delay of the Duke Energy Progress Energy merger than Raleigh-based Red Hat.

Red Hat (NYSE: RHT), which employs about 800 people in Raleigh, plans on moving its headquarters from Centennial Campus to the Two Progress Plaza building in downtown Raleigh starting in mid-year 2012. The process would take at least six months.

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