Dynegy May Receive Competing Bid (DYN, BX)

Sparkspread.com is out with a report that a private equity outfit is weighing a competing offer for Dynegy DYN. At least one private equity outfit is understood to be weighing a competing offer to acquire Dynegy, following The Blackstone Group's BX $543 million proposal earlier this month. Shares of are gaining 7 cents to trade at $4.86. Blackstone had offered $4.50 in cash, suggesting that these rumors are true. Get real-time news and stock alerts by following Benzinga on Twitter!