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Tuesday, January 25, 2011

Dynegy says decks clear for Icahn offer, (NYSE: DYN)

Power producer Dynegy Inc (DYN.N) said it did not receive any proposals before its open strategic alternatives process expired on Monday, clearing the decks for the $665 million offer from billionaire investor Carl Icahn. Goldman Sachs and Greenhill & Co had contacted over 50 parties to determine if they would be interested in exploring a deal with it, the Houston-based company said in a statement. Dynegy's board had unanimously backed Icahn's offer. [ID:nN30120445]

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