Blackstone calls Dynegy deal off

first_img More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Blackstone calls Dynegy deal off whatsapp whatsapp KCS-content Sharecenter_img Tuesday 23 November 2010 8:49 pm Show Comments ▼ Tags: NULL 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. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndolast_img

Leave a Reply

Your email address will not be published. Required fields are marked *