AGP Executive Report
Last update: 4 hours agoCorporate Deals: Morrisville-based Extreme Networks is exploring a sale after receiving acquisition interest. The networking company is valued at about $3 billion, with Cisco and Fortinet among potential buyers. Triangle Investment: A $3 billion AI startup led by Duke alumni is weighing a Triangle office, while Duke Energy says it will stick with its data-center-fueled growth strategy. Banking Expansion: PNC is adding branches in North Carolina as part of a wider expansion across several states; its retail chief is also set to become CFO in March 2027. State Finances: North Carolina voters approved constitutional amendments capping income taxes and limiting property-tax levies, decisions that could constrain future state and local budgets. The state retained its AAA bond ratings from S&P and Moody’s.
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