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Showing results for Dynegy GP Inc DMT Holding, LP
...And that has set the expectation that bad news regarding the valuation of private holdings is only a matter of time. Many LPs are bracing for the worst....
...The Swiss company, which came to fame selling GPS devices but has joined the craze for fitness trackers, said profits had fallen 37 per cent to $132m, or 70 cents a share, ahead of analysts’ forecasts for...
...Robert Flexon, president and chief executive of both Dynegy Inc and Holdings, said in a statement that the company was making an “ongoing effort to restructure its consolidated balance sheet and to position...
...Seneca is the second biggest shareholder in Dynegy, holding 9.3 per cent....
...Seneca spent about $60m to acquire almost 10 per cent of the stock, making it a fairly significant holding in its portfolio....
...Last year, shareholders went against some recommendations, opting not to back Blackstone’s $4.7bn offer to buy Dynegy or Hertz’s $1.5bn deal with Dollar Thrifty ....
...The risks are illustrated by the $43bn acquisition of TXU, a Texas utility now known as Energy Future Holdings, by Goldman Sachs, KKR and TPG in 2007....
...Soon after, he drew more attention when he bought Dynegy, a power producer, for a fraction of the price competitors had paid for a similar utility three years earlier....
...fortunes at mercy of global affairs - Misys to buy rival Sophis for £235 million - Rolls-Royce profit hit by A380 woes - GMG chief to focus on flagship news titles - Carl Icahn raises Dynegy...
...Nothing illustrates the perils of the sector better than the acquisition of TXU, now Energy Future Holdings, which Goldman Sachs, KKR and TPG bought in 2007 in the largest deal of the boom years....
...That may explain why Blackstone injected all the equity to pay for the cash component of its $4.7bn buyout of Dynegy, the US independent power producer, last month....
...Meanwhile, shares in other US power companies, including Dynegy and Mirant, rose on speculation that they might be the next private equity targets....
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