Friday, October 22, 2010

Dynegy Inc. Responds to Filings from Seneca Capital - MarketWatch

What Dynegy is basically saying is that their current management team is not capable of keeping the company as a "Going Concern" and don't know how to stabilize and grow the Company. What Investors should be pushing for is the Board of Dynegy to conduct a wholesale change of executive management, which has the support of Seneca, Carl Icahn, and other institutional investors. Change is coming and the Blackstone deal will not transpire at $4.50 a share, as Mr. Miller has advised from day one. Dynegy Inc. Responds to Filings from Seneca Capital - MarketWatch

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