Hints and tips:
...A third corporate descendant of Enron was the wholesale power generation company Dynegy, which acquired Enron’s core pipelines business in 2002, after Enron’s collapse....
...Dynegy most recently went bankrupt in 2012. Its implied takeout enterprise value on Monday of $11bn includes $9bn of debt. Vistra will buy Dynegy’s stock at twice the price six months ago....
...Vistra shareholders will have about 79 per cent of the merged group and Dynegy shareholders about 21 per cent....
...The PE shop is also the largest shareholder in rival power generator Dynegy....
...The few recent significant stock-for-stock mergers include the combinations of Praxair and Linde, Dow and DuPont and Dynegy and Vistra Energy....
...(FT) Japan Inc goes global for M&A advice Only three domestic brokerages rank among the top-ten deal advisers in Japan during the third quarter. Why is Japan Inc looking for foreign advice?...
...Stagnant electricity demand and low natural gas prices in recent years have hurt NRG and its peers (such as Calpine, and Dynegy), all of whom are highly levered....
...The world’s biggest sovereign wealth fund is no longer able to invest in a slew of companies including Drax in the UK, AES, Dynegy and FirstEnergy in the US, Reliance Power and Tata Power in India, and multiple...
...“There’s a whole bunch we’re investing in because we think you can make quite a bit of money,” he said, citing Dynegy, Seadrill, and the former TXU, renamed Energy Future Holdings....
...The world’s biggest sovereign wealth fund is no longer able to invest in a number of companies including Drax in the UK, AES, Dynegy and FirstEnergy in the US, Reliance Power and Tata Power in India, and...
...According to research from Bernstein, the brokerage, Dynegy’s “increase in capacity revenues is equivalent to 91 per cent of 2017 consensus (estimates) EPS.” And Dynegy is not the only beneficiary....
...Shares in US electricity provider Dynegy, however, rose 9 per cent to $32.32 on news of a $6.25bn deal for a series of power plants from Duke Energy and a set of assets from Energy Capital....
...For example, the shares of one electric generation stock, Dynegy, rose 6 per cent in the week after May 23....
...By contrast, energy company Dynegy was up 9 per cent from the start of the year to the index high in March. Instead of falling, the rally has accelerated since....
...Prominent power producers Energy Future Holdings, Dynegy and Calpine guessed wrong on electricity prices (and capital structure) and found bankruptcy. Tweet the Lex team @FTLex...
...Annualised returns ranged from 200 per cent at Herbalife, the nutritional supplement seller, to minus 81 per cent at Dynegy, the Texas power company that failed to find a buyer and collapsed into bankruptcy...
...The ultimate gamesman, Mr Icahn has taken some big hits, notably in Motorola and energy producer Dynegy Holdings....
...As such, there was a desire to rebalance the CIO’s synthetic credit portfolio accordingly, which meant moving it from the net short position it had at the end of 2011 — which had been profitable with Dynegy...
...The US-based brokerage firm joined 84 other global corporations, including Eastman Kodak, Barneys New York, Sino-Forest and Dynegy, that either failed to refinance, missed cash payments or went bankrupt...
...The publisher of classified directories joined 84 other global corporations, including Eastman Kodak, Barneys New York, Sino-Forest and Dynegy, that either failed to refinance, missed cash payments or went...
...The bankruptcy will involve reuniting Dynegy Inc, the parent company, with Dynegy Holdings, a subsidiary that entered Chapter 11 last November and which last month agreed a reorganisation plan with its leading...
...In the three months to November, billions of dollars worth of assets were transferred from Dynegy Holdings to Dynegy Inc, including the coal business, known as CoalCo....
...This position had paid off towards the end of 2011 with a couple of defaults of companies referenced in a number of credit indices (Dynegy and AMR Corp)....
...For Dynegy, averaging all the marks in purple gives 69.5....
...The proposed bankruptcy would not affect parent company Dynegy Inc, whose shareholders include billionaire investor Carl Icahn and investment firm Seneca Capital....
International Edition