Simpson Thacher Reps Blackstone In $5B Dynegy Deal

Law360, New York (August 13, 2010, 1:13 PM EDT) -- Investment firm Blackstone Group LP has reached a deal to acquire energy company Dynegy Inc. in a transaction valued at approximately $4.7 billion that includes the assumption of the energy company's significant debt load.

Under the terms of the deal announced Friday, Dynegy stockholders would receive $4.50 in cash for each outstanding share of Dynegy common stock, a value that represents a 62 percent premium on the closing share price on the last day before the deal was announced.

The transaction agreement also allows Dynegy to...
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