Dynegy-Icahn Deal Fails, Management to Leave
February 21, 2011 at 23:18 PM EST
Dynegy Inc.’s (DYN) chief executive and chief financial officers submitted their resignations Monday after shareholders of the Houston-based power-generation company on Friday rejected a $665 million buyout offer from billionaire Carl Icahn’s investment vehicle. In addition, five of six directors said Monday they will step down at the company’s annual meeting in June. – The [...]