Dynegy Inc. Announces End of “Go-Shop” Period (DYN)

Dynegy Inc. DYN today announced the expiration of the 40-day “go-shop” period during which Goldman, Sachs & Co. and Greenhill & Co., LLC, acting on Dynegy's behalf as its financial advisors, solicited alternative proposals to the previously announced merger agreement, dated as of August 13, 2010, which contemplates the acquisition of Dynegy by Denali Parent Inc., an affiliate of The Blackstone Group L.P. BX. During the “go-shop” period that ended at 11:59 p.m. (Eastern Time) on September 22, 2010, Dynegy's financial advisors contacted 42 parties to determine whether they would be interested in exploring a transaction with Dynegy that would be superior to the proposed acquisition. Of the 42 parties contacted, eight entered into confidentiality agreements with Dynegy and were provided with access to certain non-public information regarding Dynegy. Despite this broad solicitation of interest, Dynegy did not receive any acquisition proposals during the “go-shop” period.