Report: Icahn May Extend Dynegy Bid

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.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/houston/news/2011/01/24/report-icahn-may-extend-dynegy-bid.html?ana=thestreet

Copyright bizjournals.com 2010

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