Blackstone (BX -0.5%) says its $4.7B bid for Dynegy (DYN -1.7%) represents a "full and fair...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Blackstone (BX -0.5%) says its $4.7B bid for Dynegy (DYN -1.7%) represents a "full and fair price" for the power producer, suggesting that no higher offer is coming. Dynegy shares have been trading higher than the $4.50/share offer price, indicating that some expect Blackstone to raise its bid.