NEW YORK, Oct. 31, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Dynegy Inc. ("DYN"
or the "Company") (NYSE: DYN) in connection with the proposed
acquisition of the Company by Vistra Energy Corp. ("VST") (NYSE:
VST). Under the terms of the acquisition agreement, the
Company's shareholders will receive 0.652 of a share of VST for
each DYN share they own, representing consideration of $12.10 based on VST's October 30 closing price.
WeissLaw is investigating whether DYN's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $18.00 per DYN share, nearly $6.00 above the per-share consideration.
Additionally, the transaction is expected to create significant
value for VST and its shareholders, namely:
- Increased scale and value creation derived from projected
operational improvements and synergies; and
- Diversified earnings, and geographic, fuel and market
expansions.
Finally, upon completion of the transaction, VST shareholders
will own 79% of the combined company, as compared to only 21% left
over for DYN shareholders.
Given these facts, WeissLaw is investigating whether DYN's
shareholders will obtain their fair and proportionate share of the
Company's continued success and future growth prospects. If
you own DYN shares and would like more information about your
rights or our investigation, or if you have information to share
with us, please contact Joshua
Rubin by telephone at (888) 593-4771 or by
email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/dynegy-inc/
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SOURCE WeissLaw LLP
