Liam Denning, Columnist

Dynegy's Stock Is Still for Sale

The company's debt load and operational challenges remain.

April 21, 2017 at 5:49 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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If buyout rumors were bankable, Dynegy Inc. would be pure gold. They aren't and it isn't:

The last time I wrote about Dynegy, back in October, the stock was trading at almost $13 amid unrealistic speculation that the company could make a great target for a leveraged buyout. One lack-of-LBO later, the stock has fallen by half.