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Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Dynegy Inc. - DYN

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^{Published in Business and Finance on Wednesday, August 18th 2010 at 14:45 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Dynegy Inc. (aDynegya or the aCompanya) (NYSE: DYN) for potential breaches of fiduciary duty in connection with their conduct related to the sale of the Company to an affiliate of The Blackstone Group, L.P. (NYSE: BX) for $4.7 billion including debt. The proposed transaction offers Dynegy shareholders $4.50 in cash for each share they own. According to Thompson/First Call, at least one analyst has set a price target of $10.00 per share for Dynegy common stock.

Whether the Dynegya™s Board of Directors breached their fiduciary duties to Dynegya™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Dynegy shares and by how much this proposed transaction undervalues the Company to the detriment of Dynegy shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in Dynegy and wish to obtain additional information, please visit us at [ http://www.faruqilaw.com/dynegy ] or contact David H. Leventhal, Esq. either via e-mail at [ dleventhal@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

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