For people outside the power industry, Dynegy may be best remembered as the company that made a daring bid to buy Enron as that energy giant spiraled toward bankruptcy.
That offer got withdrawn, but at least one analyst sees a possibility that Dynegy could attempt another audacious takeover. Lasan Johong of RBC Capital Markets said in a research note Thursday that it would be “feasible” for Dynegy to step up as a rival suitor for Calpine, a major provider of electricity in Texas and California.
Calpine is significantly larger than Dynegy — and is already considering a roughly $11 billion takeover offer from NRG Energy....MORE
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