Dynegy Warns Of Potential Ch. 11 Filing

Law360, New York (March 9, 2011, 3:49 PM EST) -- Troubled power company Dynegy Inc. warned shareholders on Tuesday that it might be forced into bankruptcy if it is unable to renegotiate the terms of its existing debt.

The warning appeared in the company's annual report for 2010 filed with the U.S. Securities and Exchange Commission, and came in the wake of shareholders' Feb. 18 rejection of a $665 million offer from activist investor Carl Icahn's Icahn Enterprises LP.

On Wednesday, Houston-based Dynegy announced that its board of directors had selected two new members nominated by...
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