Shares of Dynegy Inc DYN are jumping after Blackstone Group BX agreed to buy DYN in a $4.7 billion deal.
DYN’s shares gained 58.99% to $4.42 at 9:53 am. DYN will go private following the deal.
Dynegy’s shares have lost 26.46% over the last month and dropped 69.28% so far this year.
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