Reuters – Seneca Capital, a hedge fund that owns about 9.3 percent of Dynegy’s shares, on Thursday said it believes Blackstone Group’s price to buy the struggling power company is too low, joining billionaire investor Carl Icahn in opposition to the deal.
The agitation by the company’s top two shareholders threatens to upset Blackstone’s $543 million purchase of the company, valued at about $4.7 billion including debt.
