Carl Icahn signs waiver to buy nearly 20% of Dynegy

March 10th, 2011
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Dynegy Inc. (DYN) and Carl Icahn agreed to a waiver that allows Icahn’s hedge fund to buy up to 19.99999% of the company while retaining his voting rights. As part of the deal, Mr. Icahn agreed to provide either debt or equity financing for Dynegy. Without the waiver Icahn would not have been able to vote his shares in favor of any future proposals he puts together for a three year period.
For Detailed Investor Profiles on these Investors, click below:
Icahn Associates (Carl Icahn)
Related People: Alexander J. Denner; Brett Icahn; Carl Icahn; Keith A. Meister*
Related Entities: High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles


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