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Dynegy, Blackstone Scrap Deal
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Dynegy, Blackstone Scrap Deal
The Blackstone Group (BX) and Dynegy (DYN) said today they intend to scrap their merger agreement after todays shareholder meeting, where the deal proposal is expected to fail.  Blackstone said it is disappointed that its best and final offer of $5 per share failed to win support of some of Dynegys biggest shareholders, namely Seneca Capital and Carl Icahn.
Video Length: 0
Date Found: November 23, 2010
Date Produced: November 23, 2010
View Count: 0
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