Dynegy price is 'full and fair' - Blackstone Group

Private equity firm Blackstone Group will not increase its offer for Dynegy Inc, the Texas energy company, saying that the $4.7 billion bid represents a ‘full and fair’ price, according to a Reuters report. Blackstone is currently offering $4.50 a share, but the shares have been trading higher than the bid, suggesting that some expect Blackstone to raise its bid.

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