Dynegy Acquires Enron for $9 Billion
Dynegy Inc. (DYN ) and Enron Corp. (ENE ) say they will merge in a $9 billion deal. The combined company will be called Dynegy Inc. and focus on the North American and European wholesale energy markets and commercial and industrial energy users. Terms: 0.2685 Dynegy shares per Enron share, which values Enron at $10.41 per share. The companies say ChevronTexaco (CVX ) will invest $2.5 billion in new equity into Dynegy. (11/09)
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