US power M&A: lively activity expected in 2011

Pauline McCallion
01 Mar 2011

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

A second sale of independent power producer Dynegy failed on February 18 due to a lack of support for a $5.50 per share offer from Icahn Enterprises. Its previous attempt to sell itself to the Blackstone Group last October for $4.50 per share also failed because shareholders felt the deal undervalued the company.

Dynegy has warned investors that the risks of continuing to operate alone outweigh the potential upside due to the company's "substantial leverage and forecasted negative free cashflow"

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]