Carl Icahn signs waiver to buy nearly 20% of Dynegy

March 10th, 2011
| More
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

More Recent Headlines

Patrick Wolff’s Grandmaster Capital announces two key hires

Former Och-Ziff PM Launching Japan-focused Fund

London Losing its Allure as a Trading Centre if Guggenheim Partners' Decision Making is Indicative

Duquesne Capital veteran Michael Perl forms Harbor Bridge Emerging Markets

OakTree Capital Management seeks higher returns in EU distressed debt market

Siris Capital to spin-off from Steven A. Cohen’s SAC Capital

Citadel veteran Ravi Mattu joins PIMCO

Bruce Berkowitz’s Fairholme Capital forces CEO and board reshuffle at St. Joe Company

Morgan Sze’s Azentus Capital selects Prime Brokers

The Business of Running a Hedge Fund