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Saturday, 30 August 2014

Blackstone scrapes energy bottom again for Dynegy

Power play

Don t be fooled by the 62 pct premium. Blackstone is getting the highly geared fallen giant for a bargain at $4.7 bln. The buyout firm has timed this sector well before. Given the high price of coal and the low price of electricity, in time it may deliver a repeat performance.



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