Time For Dynegy Show To End

It's all out being put out there now. The feud between hedge fund managers Bill Ackman and Carl Icahn reached a fevered pitch  yesterday, when Carl Icahn told Bloomberg TV's Trish Regan that Ackman was "disingenuous" in his short against multi-level marketing firm, Herbalife.

Corporate activist investor Carl Icahn timed his 6% investment in natural gas driller Chesapeake Energy (CHK) almost perfectly earlier in 2011, buying in the low 20′s and selling in the mid 30′s a few months later after extracting a publicly announced debt reduction plan out of management. Now, with the stock back down to prices even lower than where Icahn originally bought, Lou Simpson (former GEICO executive and Warren Buffett number two investment manager at Berkshire Hathaway (BRK)) has bought 200,000 shares in the energy producer.

Toby Shute submits:In an October contribution to Deal Journal, retired M&A lawyer Ronald Barusch posed the following question: Has Carl Icahn outsmarted Blackstone (BX)? The tentative answer today appears to be yes.

Billionaire investor Carl Icahn has agreed to buy the third-largest U.S. independent power producer Dynegy (DYN) for $665 million in cash. The deal comes just three weeks after a bid for $603 million, or $5/ share, by PE firm Blackstone Group (BX) failed to win over Dynegy shareholders. Mr.

Alacra Pulse Check Blog submits: By Sheena Lee

Dynegy (DYN) said today it has agreed to be acquired by investor Carl Icahns Icahn Enterprises (IEP)

Carl Icahn has offered $2 billion in credit to Dynegy (DYN), rather than see it acquired by The Blackstone

Billionaire investor Carl Icahn has bought call options that would allow him to increase his stake in Dynegy Inc. (DYN) to 12.9% and said he will vote against Blackstone‘s (BX) proposal to buy the debt-ridden power company and will offer a $2 billion line of credit to the firm.