Replies to post #115 on Dynegy Inc fka DYN

[OilStockReport]

On November 30, 2010, Dynegy Inc. (“Dynegy”) announced the final voting results for the Special Meeting of Dynegy Stockholders held on November 17, 2010 and recessed until November 23, 2010 (the “Special Meeting”). The proposal to adopt the Agreement and Plan of Merger, dated as of August 13, 2010, as amended on November 16, 2010, by and among the Company, Denali Parent Inc. and Denali Merger Sub Inc., which was the only matter voted upon at the Special Meeting, did not receive the necessary votes to be adopted. The vote results, certified by IVS Associates, Inc., were as follows:




VOTES
FOR VOTES
AGAINST
ABSTENTIONS BROKER
NON-VOTES
31,943,654 47,470,533 5,962,744 0

[OilStockReport]

Dynegy (DYN) was downgraded to Underperform with a $4.50 target by Macquarie after the failure of a Blackstone Group-backed takeover bid. But Pritchard Capital Partners upgraded the electric power company to Buy and raised its target to $7 from $5, while Barclays Capital raised its price target to $6 based on expected additional cost savings.