Blackstone calls Dynegy deal off

first_img Blackstone calls Dynegy deal off Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content Tuesday 23 November 2010 8:49 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoammoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comcenter_img whatsapp Standard & Poor’s lowered its rating on Dynegy to “sell” from “hold” after the energy company and Blackstone Group announced they would abandon their merger agreement ahead of a shareholder meeting where the proposal was expected to fail. “We think the absence of buyers during a 40-day shopping period under the prior deal is indicative of market interest,” wrote S&P Utilities analyst Christopher Muir in a note. Muir cut his target price to $4.50 (£2.85) on the idea that there is some remaining takeover appeal.In a statement, Blackstone said it was disappointed by opposition from Seneca Capital and the activist investor Carl Icahn to its final proposal of $5 a share. Blackstone originally offered to acquire Dynegy for $4.50 per share. Dynegy shares yesterday fell 17 cents, or 3.3 per cent, to $4.97. Show Comments ▼ whatsapp Sharelast_img

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