Dynegy Agrees to Buyout by Icahn Enterprises

Dynegy (DYN) said today it has agreed to be acquired by investor Carl Icahns Icahn Enterprises (IEP) for $5.50 per share in cash, or about $665 million. The offer is 10% higher than Blackstones (BX) bid for Dynegy, and also a 10% premium to the stocks average closing price over the last 30 days.

FX_Trdr