Tags: US | Dynergy | Blackstone | Acquisition

Dynergy to Be Acquired by Blackstone for $542.7 Million

Friday, 13 Aug 2010 08:50 AM

Dynergy Inc. says it plans to be acquired by the Blackstone Group for $542.7 million.

Including the assumption of debt, the companies value the deal at $4.7 billion.

Dynergy said Friday its shareholders would receive $4.50 per share in cash for the nearly 120.6 million shares outstanding, representing a 62 percent premium from the closing price on Thursday.

Shares jumped $1.77, nearly 64 percent, to $4.55 in pre-market trading.

Dynergy, based in Houston, separately agreed to sell four gas-fired power plants to NRG Energy for $1.36 billion in cash.

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Dynergy Inc. says it plans to be acquired by the Blackstone Group for $542.7 million.Including the assumption of debt, the companies value the deal at $4.7 billion.Dynergy said Friday its shareholders would receive $4.50 per share in cash for the nearly 120.6 million shares...
US,Dynergy,Blackstone,Acquisition
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2010-50-13
Friday, 13 Aug 2010 08:50 AM
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