Dynegy Up 8% (DYN)

Dynegy Inc. DYN is up more than 8% today after news came out that Blackstone BX was going to increase its offer to $5 per share, an increase of 11%. Shares of DYN continue to trade over the offer from Blackstone though, with the last trade at $5.03 per share. This indicates that traders believe another bid will come in for Dynegy. Shares of BX are off 57 cents to $13.09, a loss of 4.2%.