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Dynegy Inc. (DYN) Is Up Sharply After Acquisition

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Dynegy Inc. (DYN: Quote) announced Friday morning that it signed two separate definitive sets of agreements to acquire the ownership interests in certain Midwest generation assets from Duke Energy and EquiPower Resources Corp and Brayton Point Holdings LLC from Energy Capital Partners.

Dynegy gapped open dramatically higher this morning and is now up 5.06 at $34.78 on above average volume. The stock has leaped to its highest level since the beginning of July.

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by RTT Staff Writer

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