Breakingviews

Dynegy’s $6.25 bln grab marks return of ambition

August 22, 2014

The U.S. power company once tried to buy Enron and eventually went bust after a spat with activist Carl Icahn. Two years out of bankruptcy, Dynegy is roughly doubling its business with two deals. They look sensible, but the lesson from the past is to avoid getting carried away.

Icahn targets given red alert by Dynegy debacle

March 12, 2012

The activist’s reputation already precedes him when he turns up to agitate. Now a court-appointed official has shredded a retooling at Dynegy, where Icahn meddled and installed directors. Firms on the receiving end of his tactics, like CVR, have all the more reason to spurn him.