Icahn Enterprises

Seneca Blasts Carl Icahn's Bid for Dynegy

Last week, power-plant operator Dynegy agreed to be acquired by top shareholder, Icahn Enterprises, for about $665 million. But Dynegy's second-largest shareholder, hedge fund Seneca Capital, rejected the bid, calling it "the wrong price at the wrong time for the wrong reasons."

Icahn Enterprises to Buy Dynegy for $665 million

Power plant operator Dynegy has agreed to be acquired by Icahn Enterprises for $5.50 per share in cash, or about $665 million. Dynegy has about $3.95 billion of outstanding debt, net of cash. The agreement follows a recent failed bid from private equity giant The Blackstone Group.

What's Carl Icahn Got Up His Sleeve for 2010?

Billionaire Carl Icahn announced plans to sell $2 billion in new senior bonds, the first sale by his Ichan Enterprises LP (IEP) since 2005, suggesting that he's expecting something big in 2010.