By Houston Business Journal

As Dynegy Inc. shares trend higher, Carl Icahn may extend his bid past the Jan. 25 deadline, according to news reports.

Bloomberg reported Monday that a UBS AG analyst said Icahn will most likely push the deadline for shareholders to accept his $5.50 per share offer, and quoted a Houston-based analyst with Simmons & Co. saying that his bid seems low, considering the stock has been moving closer to $6.

Icahn agreed in December 2010 to buy the Houston power producer after helping to scuttle a move by Blackstone Group LP to buy Dynegy (NYSE: DYN) at $5 a share.

Click here to read the Bloomberg article.

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