Seneca Capital

Seneca No Longer Pursuing Consent Soliciation at Dynegy

Seneca is a 9.3% holder of DYN. Item 4. Purpose of Transaction Item 4 is hereby amended to add the following information: Seneca Capital intends to continue to engage in discussions with members of Dynegy’s Board of Directors and management concerning efforts to maximize shareholder value, including as to Dynegy’s capitalization, operations, management and the…

Seneca’s 13D/A Filing on Dynegy

Dynegy (DYN) Item 4. Purpose of Transaction Item 4 is hereby amended to add the following information: On January 27, 2011, the Reporting Persons filed with the SEC amended preliminary materials relating to the Consent Solicitation. The Consent Solicitation, once finalized, would seek stockholder approval of the following proposals (“Proposals”): BINDING PROPOSALS (Proposals 1 through…

Seneca Letter to Acquire More Shares of Dynegy

January 21, 2011 The Special Committee of the Board of Directors of Dynegy, Inc.Patricia HammickDavid BieglerVictor GrijalvaWilliam TrubeckHoward Sheppardc/o Dynegy Inc. Communications with Directors Attn: Corporate Secretary1000 Louisiana Street, Suite 5800Houston, Texas 77002To the Special Committee: Seneca Capital, the second largest shareholder of Dynegy Inc. with a 12% economic interest (including 9.3% voting common stock),…

Seneca’s Consent Soliciation Proposals on Dynegy

On January 3, 2011, the Reporting Persons filed with the SEC amended preliminary materials relating to the Consent Solicitation. The Consent Solicitation, once finalized, would seek stockholder approval of the following proposals (“Proposals”): BINDING PROPOSALS (the following Proposals are binding upon the Company once adopted by stockholders): Proposal 1. REMOVE TWO DIRECTORS: Remove, without cause,…

Seneca Opposed to Dynegy-IEH Deal

Item 4. Purpose of Transaction Item 4 is hereby amended to add the following information: On December 15, 2010, the Company announced that it had entered into an Agreement and Plan of Merger (the “IEH Merger Agreement”) with IEH Merger Sub LLC, a Delaware limited liability company (“Parent”), and IEP Merger Sub Inc., a Delaware…

Seneca’s Nine Proposals for Dynegy

Item 4. Purpose of Transaction Item 4 is hereby amended to add the following information: On November 11, 2010, the Reporting Persons announced their intent to seek to replace two directors of the Issuer (also referred to herein as “Dynegy” or the “Company”) and stated that E. Hunter Harrison and Jeff Hunter had agreed to…

Seneca Files Proxy Opposing Dynegy Sale

NEW YORK, October 21 – Seneca Capital today issued the following statement regarding the proposed acquisition of Dynegy Inc. (NYSE: DYN): Seneca Capital, a beneficial owner of 9.3% of Dynegy Inc.’s outstanding common shares through its affiliated funds, today filed a preliminary proxy statement on Schedule 14A with the Securities and Exchange Commission in connection…

Get insights in your inbox with the Oozing Alpha monthly newsletter.
Join Now!
Newsletter