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Friday, 22 August 2014

Blackstone can afford red face on Dynegy

Redstone

The private equity firm caved by raising its offer 11 pct on the eve of a shareholder vote. That may sting, but decent returns on the $600 mln outlay still look a realistic prospect. With Dynegy shares trading at the new bid, Blackstone may have done enough to clinch the deal.



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