On October 25, 2021, Elliott Investment Management LP and Duke Energy Corp. are reportedly close to a deal that add two Elliott-backed directors to its board. Duke Energy would be allowed to choose the directors, which must be approved by the hedge fund. One director would join the board soon after the agreement is finalized with the other director added at a later date. It is believed that an agreement could be finalized before the end of the year, but there is no deal is certain and that terms could change.