Seneca Blasts Icahn’s Bid for Power-Plant Operator Dynegy
by Melly Alazraki on Dec.20, 2010, under Towing
Last week, power-plant operator Dynegy agreed to be acquired by top shareholder Icahn Enterprises for about $665 million. But Dynegy’s second-largest shareholder, hedge fund Seneca Capital, rejected the bid, calling it “the wrong price at the wrong time for the wrong reasons.”
Continue reading Seneca Blasts Icahn’s Bid for Power-Plant Operator Dynegy
Seneca Blasts Icahn’s Bid for Power-Plant Operator Dynegy originally appeared on DailyFinance on Mon, 20 Dec 2010 15:40:00.
Filed Under: Energy, Company News, People, Stocks in the News
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