Deals
Dynegy Shareholders Scheduled to Vote Today on Blackstone Offer
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Dynegy Inc. shareholders are scheduled to vote today on a $604.5 million takeover offer by Blackstone Group LP that’s opposed by the power producer’s largest shareholders.
Dynegy, based in Houston, delayed the voting deadline to 5 p.m. New York time today after Blackstone raised its offer by 50 cents to $5 a share a week ago. The company said shareholders needed more time to consider the higher price from the private equity firm.