Dynegy to Be Acquired by Icahn Enterprises LP for $5.50 Per Share

Dynegy Inc. DYN earlier today announced that its Board of Directors has unanimously approved a definitive agreement to be acquired by Icahn Enterprises LP IEP in a tender offer followed by a merger for $5.50 per share in cash, or approximately $665 million in the aggregate. Dynegy has approximately $3.95 billion of outstanding debt, net of cash.