Atlanta has always prided itself on its forward-looking perspective. As one business leader put it in the late 1980s, “Atlanta is a city of the future, not the past.” Today, however, Atlanta’s past is ensnaring it in a nasty conflict over water -- a kind of fight that’s likely to be more common in the future.
Dynegy Inc ., the U.S. power producer with a shareholder vote scheduled Nov. 17 on a $540 million takeover by Blackstone Group LP , rose after a Pritchard Capital Partners analyst said the private equity firm may increase its $4.50-a-share offer to win approval.
Dynegy Inc. , the third-largest U.S. independent power producer, agreed with Blackstone Group LP to scrap a $604.5 million takeover because of shareholder opposition. Dynegy will seek new bids and may sell assets, cut costs and restructure debt to continue as a standalone company.
Billionaire investor Carl Icahn said his current $665 million bid for Dynegy Inc. will be his last, after winning federal regulatory approval to acquire the third- largest U.S. independent power producer.