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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Dynegy Inc. (delisted) | NYSE:DYN | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.81 | 0 | 01:00:00 |
From Aug 2019 to Aug 2024
SAN DIEGO, Oct. 30, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Dynegy Inc. ("Dynegy") (NYSE: DYN) breached their fiduciary duties in connection with the proposed sale of the Company to Vistra Energy ("Vistra") (NYSE: VST). Dynegy, produces and sells electric energy, capacity, and ancillary services in the United States.
On October 30, 2017, Dynegy announced that it had signed a definitive merger agreement with Vistra. Under the terms of the agreement, Dynegy shareholders will receive 0.652 shares of Vistra Energy common stock for each share of Dynegy common stock they own. Based on Vistra's closing share price of $20.30 on October 27, 2017, Dynegy shareholders would receive $13.24 per Dynegy share. However, shareholders will be subject to the future price fluctuation of Vistra's stock price.
The investigation concerns whether the Dynegy board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Dynegy shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has an $18.00 price target on the stock.
If you are a shareholder of Dynegy and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
View original content:http://www.prnewswire.com/news-releases/dynegy-dyn-alert-johnson-fistel-investigates-proposed-sale-of-dynegy-inc-300545443.html
SOURCE Johnson Fistel, LLP
Copyright 2017 PR Newswire
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