Markets & Finance

Dynegy Acquires Enron for $9 Billion


Dynegy Inc. (DYN) and Enron Corp. (ENE) say they will merge in a $9 billion deal. The combined company will be called Dynegy Inc. and focus on the North American and European wholesale energy markets and commercial and industrial energy users. Terms: 0.2685 Dynegy shares per Enron share, which values Enron at $10.41 per share. The companies say ChevronTexaco (CVX) will invest $2.5 billion in new equity into Dynegy. (11/09)

Hellenic Telecommunications (OTE) denies all rumors regarding negotiations related to merger with, or acquisition of, another company. (11/09)

American Physicians Capital Inc. (ACAP), a provider of medical professional liability coverage and workers' compensation, says it agreed to acquire RTW Inc. (RTWI) for $3.10 cash per share, or about $32 million. (11/09)

Machinery maker Kadant Inc. (KAI) says it plans to take private its majority-owned subsidiary Thermo Fibergen Inc. (TFG) by acquiring the shares it doesn't already own for $12.75 per share. (11/09)

Regional bank BB&T Corp. (BBT) says it will acquire two Kentucky banks. BBT will pay 0.55 BBT share for each share of AREA Bancshares Corp. (AREA) in a deal worth about $450.6 million. Separately, BBT will pay 0.7187 BBT shares and $8.13 cash per MAB share for each share of MidAmerica Bancorp (MAB) in a deal worth about $372.4 million in stock and cash. (11/08)

Northrop Grumman Corp. (NOC) agrees to acquire Newport News Shipbuilding Inc. (NNS) for about $2.1 billion in cash and stock. Terms: $67.50 per NNS share payable in either cash or stock. (11/08)

Utility company UtiliCorp United (UCU) says it will acquire the 20% of energy trader Aquila, Inc. (ILA) that it does not already own. Terms: 0.6896 UCU share per ILA share. (11/07)

United Business Media Plc (UNEWY) says it terminated its offer to buy multimedia content provider Medialink Worldwide Inc (MDLK) for $5 per share, or about $29 million in cash. (11/07)


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