Blackstone (BX) increases its bid for Dynegy (DYN) to $5.00/share, its "best and final offer."...

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

Blackstone (BX) increases its bid for Dynegy (DYN) to $5.00/share, its "best and final offer." The offer represents an 11.1% increase over its previous $4.50/share bid, which was already favored by Dynegy's board over a rival offer from Carl Icahn. DYN +8.2% to $5.01. BX -4.3%.