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Tripp Levy PLLC Investigates Buyout of Dynergy

^{Published on 2010-08-13 06:38:17 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC announces an investigation into the proposed acquisition of Dynergy Inc. (NYSE: DYN). On August 13, 2010, it was announced that Dynergy has entered into an agreement pursuant to which it will be acquired by an affiliate of The Blackstone Group L.P. (NYSE:BX) in a transaction valued at approximately $4.7 billion, including the assumption of existing debt. Under the terms of the merger agreement, Dynegy stockholders will receive $4.50 in cash for each outstanding share of Dynegy common stock they own.

The investigation concerns, among other things, whether the consideration to be paid to Dynergy shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Dynergy. Indeed, analysts have projected that the true inherent value of Dynergy is at least $7 per share. The investigation further concerns whether the directors of Dynergy may have breached their fiduciary duties by not acting in Dynergy shareholders' best interests in connection with the sale process of Dynergy.

If you own Dynergy common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy
Tripp Levy PLLC
125 East 82^nd Street
9^th Floor
New York, New York
Toll Free: 877-772-3975
Email: [ contact@tripplevy.com ]

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

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