a:26:{s:9:"weblog_id";s:1:"4";s:8:"entry_id";s:4:"1058";s:6:"sticky";s:1:"n";s:14:"allow_comments";s:1:"n";s:16:"allow_trackbacks";s:1:"n";s:10:"entry_date";s:19:"2010-11-19 06:45 AM";s:15:"expiration_date";s:0:"";s:23:"comment_expiration_date";s:0:"";s:8:"category";a:1:{i:0;s:1:"4";}s:9:"author_id";s:1:"4";s:10:"new_weblog";s:1:"4";s:6:"status";s:4:"open";s:14:"trackback_urls";s:0:"";s:18:"versioning_enabled";s:1:"y";s:5:"title";s:44:"Dynegy Sends Shareholders Out for \'Recess\'";s:9:"url_title";s:40:"dynegy_sends_shareholders_out_for_recess";s:6:"submit";s:6:"Update";s:11:"field_id_26";s:44:"Dynegy Sends Shareholders Out for \'Recess\'";s:11:"field_ft_26";s:4:"none";s:11:"field_id_31";s:0:"";s:11:"field_id_44";s:535:"Because of difficulties in turning the proxy voting machinery on a dime in considering an offer from Blackstone Group, the attorneys of Dynegy, Inc. hit on the unusual strategy of declaring a recess in the meeting to rather than postponing or adjourning the meeting.  

Dynegy owns and operates eight power generation facilities in Illinois, including those in Alton and Stallings in Metro East, and a plant in Baldwin which is completing a $500 million flue gas desulfurization project. Dynegy has a corporate office in O\'Fallon, IL.";s:11:"field_ft_44";s:4:"none";s:11:"field_id_28";s:0:"";s:11:"field_ft_28";s:4:"none";s:11:"field_id_29";s:1191:"<p>Because of difficulties in turning the proxy voting machinery on a dime in considering an offer from Blackstone Group, the attorneys of Dynegy, Inc. hit on the unusual strategy of declaring a recess in the meeting to rather than postponing or adjourning the meeting.</p>
<p>The meeting will reconvene Nov. 23rd. Dynegy&rsquo;s postponement of the meeting by seven days was intended to 
let shareholders and the proxy advisory services reassess a higher offer from Blackstone. Dynegy needed a way to give proxy voters who opposed 
Blackstone&rsquo;s bid of  $4.50 a share time to consider the firm&rsquo;s  offer of
 $5 a share, which came the night before the meeting.The board of Dynegy has accepted Blackstone\'s $5-per-share buyout for the company, and has told shareholders who have already voted against the merger that they can amend their votes.</p>
<p>The previous bid was $4.50 per share.</p>
<p>Dynegy owns and operates eight power generation facilities in Illinois, including those in Alton and Stallings in Metro East, and a plant in Baldwin which is completing a $500 million flue gas desulfurization project. Dynegy has a corporate office in O\'Fallon, IL.</p>
<p>&nbsp;</p>";s:10:"category_0";s:1:"4";}