enron mentions 11 21 01 dynegy issues statement enron merger status business wire 11 21 01 enron says repayment 690 mln usd debt extended mid dec afx news 11 21 01 usa enron secures credit line shares fall reuters english news service 11 21 01 enron stock free fall continues associated press newswires 11 21 01 enron closes 450 secured credit line dow jones news service 11 21 01 usa update 1 enron shares fall credit concerns reuters english news service 11 21 01 usa enron shares tumble credit concerns reuters english news service 11 21 01 upgrades downgrades cnnfn market coverage morning 11 21 01 usa research alert enron dynegy cut goldman reuters english news service 11 21 01 enron gets extension 690 mln note due next week updatel bloomberg 11 21 01 enron dynegy shares fall 2 nd day threat buyout update 2 bloomberg 11 21 01 u equity movers cardiac science enron guidant triquint bloomberg 11 21 01 enron dynegy shares fall 2 nd day threat dynegy bid bloomberg 11 21 01 enron corp cut market perform goldman sachs bloomberg 11 21 01 enron says lenders extend 690 mln note payment mid december bloomberg 11 21 01 plunge says end near enron thestreet com 11 21 01 dynegy enron say merger proceed cbs marketwatch com 11 21 01 dynegy issues statement enron merger status 11 21 2001 business wire copyright c 2001 business wire houston business wire nov 21 2001 dynegy inc nyse dyn chairman ceo chuck watson today said encouraged enron corp report morning closed remaining 450 million credit facility secured assets northern natural gas pipeline received commitment lead bank extend 690 million note payable obligation described enron recent 10 q filing continuing confirmatory due diligence working accelerate regulatory approvals required complete merger accordance previously announced agreement said watson also noted chevrontexaco recently reiterated full confidence dynegy disciplined management approach complete merger build new company industry leader chevrontexaco owns 26 percent dynegy outstanding common stock dynegy inc one world top energy merchants global energy delivery network marketing trading risk management capabilities dynegy provides innovative solutions customers north america united kingdom continental europe certain statements included news release intended forward looking statements private securities litigation reform act 1995 statements include assumptions expectations predictions intentions beliefs future events dynegy cautions actual future results may vary materially expressed implied forward looking statements key factors could cause actual results vary dynegy expects include changes commodity prices energy communications products services timing extent deregulation energy markets u europe timing required approvals dynegy enron merger success integration cost savings measures relating merger effectiveness dynegy risk management policies procedures creditworthiness customers counterparties liquidity competitiveness wholesale trading markets energy commodities including impact electronic online trading markets operational factors affecting dynegy power generation dynegy midstream natural gas facilities uncertainties regarding development competition within market communications services u europe uncertainties regarding environmental regulations litigation legal regulatory developments affecting dynegy business general political economic financial market conditions extended period war conflict involving united states europe moreover dynegy expectation acquisition accretive earnings 2002 beyond based upon achieving certain sales projections meeting certain cost targets successfully integrating acquired assets information risks uncertainties relating forward looking statements found dynegy sec filings available free charge sec web site http www sec gov contact dynegy inc houston 713 767 5800 13 26 est november 21 2001 copyright 2000 dow jones company inc rights reserved enron says repayment 690 mln usd debt extended mid dec 11 21 2001 afx news c 2001 afp extel news ltd houston afx enron corp said creditor banks granted extension 690 mln usd note payable nov 27 mid december giving enough time restructure debt statement troubled energy company said extension agreed following talks main creditor banks restructuring debt avoid liquidity crisis continuous contact banks believe identify mutually beneficial restructuring enhance cash position strengthen balance sheet address upcoming maturities said chief financial officer jeffrey mcmahon enron first informed investors possibility would forced repay 690 mln usd note filing securities exchange commission monday obligation arose standard poor cut company long term debt rating bbb last week forcing either post collateral note repay maturity enron said also secured remaining 450 mln usd previously announced 1 bln usd credit line jp morgan salomon smith barney facility secured assets enron northern natural gas co unit 550 mln usd secured assets transwestern pipeline co enron also said still committed merger dynegy inc announced nov 9 continue believe merger best interests shareholders employees lenders said chairman chief executive kenneth lay offers opportunity create formidable player merchant energy business substantial growth prospects strong financial position jp morgan chase vice chairman james lee said bank work enron creditor banks develop plan strengthen enron financial position merger dynegy expected close third quarter 2002 cl gc information contact afx www afxnews com www afxpress com copyright 2000 dow jones company inc rights reserved usa enron secures credit line shares fall 11 21 2001 reuters english news service c reuters limited 2001 new york nov 21 reuters enron corp said wednesday secured remaining 450 million 1 billion credit line reaffirmed commitment agreement taken rival dynegy inc facing crisis confidence enron said active talks lenders restructure debt obligation pushed back deadline repaying 690 million loan obligation mid december continue believe merger best interests shareholders employees lenders enron chairman chief executive ken lay said statement enron shares 28 percent noon wednesday 33 percent earlier day shares fell 23 percent tuesday amid concerns liquidity growing questions whether proposed takeover dynegy would go ahead copyright 2000 dow jones company inc rights reserved enron stock free fall continues 11 21 2001 associated press newswires copyright 2001 associated press rights reserved houston ap shares embattled enron corp plunged another 32 percent wednesday morning analysts investors continued doubt mighty energy trader ability recover lost business investor confidence report released wednesday goldman sachs co analyst david fleischer became latest question enron future saying sec filing houston based company earlier week raised new issues liquidity ability company even finance next several months analysts also questioning whether dynegy inc planned dlrs 8 9 billion acquisition enron survive given latest revelations documents filed securities exchange commission enron late monday restated company third quarter earnings stated may repay dlrs 690 million debt next week decreased credit ratings filing also noted enron financial woes led reduced level transaction activity company trading partners enron shares fell 23 percent tuesday dropped another dlrs 2 25 32 percent dlrs 4 74 wednesday extremely heavy trading new york stock exchange fleischer said enron nov 16 cash balance dlrs 1 2 billion inadequate meet remaining debt obligations fleischer acknowledged however enron efforts renegotiate next week due date dlrs 690 million debt triggered nov 12 company credit rating downgraded bbb saying indications enron banks may willing roll current maturities even make new equity investments michelle foss director energy institute university houston said latest round troubles raise concerns whether dynegy enron deal pulled look like going able happen foss said look like decent idea proposed merger today sure look see salvage attempt buy enron shares dynegy dlrs 2 55 dlrs 39 15 trading nyse tobacco suits venezuela brazil espirito santo dropped miami ap health care cost recovery lawsuits major u cigarette makers venezuela brazilian state espirito santo dismissed another important reminder american plaintiffs lawyers state court ignore overwhelming number decisions federal courts rejecting lawsuits william ohlemeyer philip morris cos vice president said tuesday decisions attorneys several foreign governments filed assortment lawsuits u federal state courts attempt find legal mechanism withstands judicial scrutiny russia brazilian states among foreign governments sued miami verdict dlrs 145 billion awarded florida smokers five biggest u cigarette makers ecuador suit miami withdrawn earlier another state judge announced intention dismiss general motors canada inks supplier agreement quebec rubber plants eds dollar figures canadian montreal ap general motors canada signed supplier agreements quebec auto parts maker helped create 800 jobs news reports said wednesday deal saar gummi automotive group magog quebec part general motors commitment offset jobs lost shuts car assembly factory boisbriand quebec next year killing 1 400 jobs gm reveal value contracts german based saar gummi said tuesday made dlrs 40 million investment seven magog plants doubling workforce 1 600 employees 800 since last summer factories make molded rubber parts cars rubber strips molding found along doors vehicles production sold gm goes 56 gm plants canada united states mexico products used several models including chevrolet avalanche gmc envoy saturn vue cadillacs copyright 2000 dow jones company inc rights reserved enron closes 450 secured credit line 11 21 2001 dow jones news service copyright c 2001 dow jones company inc houston dow jones enron co ene closed remaining 450 million previously announced 1 billion secured credit lines said active discussions restructure debt improve liquidity press release wednesday enron said 450 million credit facility secured assets enron northern natural gas co 550 million credit facility secured assets enron transwestern pipeline co closed nov 16 proceeds used supplement short term liquidity refinance maturing obligations company said informed lead bank facility maturity 690 million note payable obligation extended mid december enron expects extension finalized shortly dow jones corporate filings alert reported monday enron currently preparing restructuring plan aimed taking aggressive steps rationalize company existing cost structure accelerating process divesting noncore businesses assets restructuring scheduled maturities debt obligations enron credit lines j p morgan investment banking arm j p morgan chase dow jones newswires 201 938 5400 copyright 2000 dow jones company inc rights reserved usa update 1 enron shares fall credit concerns 11 21 2001 reuters english news service c reuters limited 2001 new york nov 21 reuters enron corp shares tumbled 33 percent early trading wednesday following 22 8 percent drop tuesday amid concerns company liquidity growing questions whether proposed takeover dynegy go ahead enron shares 2 29 4 70 early trading new york stock exchange stock biggest loser percentage active stock nyse dynegy deal take long time lot things could happen time period dynegy homework missed anything number exit opportunities said fulcrum global partners analyst michael barbis dynegy immediately available comment wall street analysts said enron losing market share credit concerns trading partners questions dynegy inc takeover offer enron warned monday could forced pay next week 690 million debt triggered credit downgrade last week enron definitely losing market share credit concerns cash needs run buisness increased market perceives enron needing cash said barbis monday enron disclosed deadline nov 26 deliver collateral debt owed third party one many partnerships partner right liquidate assets partnership include brazilian natural gas company enron counting selling raise 250 million cash enron working make alternative payment arrangements since ill afford pay debt enron already already maxed 3 billion credit line secured roughly 2 billion loans looking cash stay afloat monday houston based company also reduced previously reported 2001 third quarter earnings 3 cents per share increased reported earnings first 9 months year penny per share copyright 2000 dow jones company inc rights reserved usa enron shares tumble credit concerns 11 21 2001 reuters english news service c reuters limited 2001 new york nov 21 reuters enron corp shares tumbled 19 percent opening trade wednesday amid concerns company liquidity growing questions whether proposed takeover dynegy go ahead shares 1 33 5 66 early trading new york stock exchange wall street analysts said enron losing market share credit concerns trading partners questions dynegy inc takeover offer enron warned monday could forced pay next week 690 million debt triggered credit downgrade last week dynegy deal take long time lot things could happen time period dynegy homework missed anything number exit opportunities said fulcrum global partners analyst michael barbis copyright 2000 dow jones enron url http www enron com dynegy url http www dynegy com williams url http www williamsenergy com recommended list dynegy expected buy troubled enron still rated market perform enron williams rated market outperform goldman says concerned enron ability recover loss significant business deals sees positive catalysts entire group largely due problems enron upside deutsche bank raising xerox url http www xerox com buy market perform saying pleased company turnaround strategy going talk detail speak analyst made call moment first want take look stocks trading entire group exception xerox 15 cents peter ausnit imaging analyst deutsche bank alex brown joins us thanks joining us market call xerox like peter ausnit imaging analyst deutsche bank alex brown well think company really put liquidity concerns behind investors look long term picture much brighter charles kadlec j w seligman peter chuck kadlec good morning heroic recommendation consider speculative investment something conservative investor ought interested ausnit think investors interested next several quarters near term conditions still quite difficult long term speculative xerox large install base tremendous sales service force probably return industry standard margins kadlec say probably depends management ability execute believe management going able execute strategy ausnit well track records turnaround fairly strong strategy made lot sense sold lot businesses done things promised bring new third party equipment financing going bring new cfo well schaffler peter ausnit deutsche bank alex brown thanks joining us copyright 2000 dow jones company inc rights reserved usa research alert enron dynegy cut goldman 11 21 2001 reuters english news service c reuters limited 2001 new york nov 21 reuters goldman sachs said wednesday removed merger partners enron corp dynegy inc recommended list downgraded stocks market perform goldman said cut enron 2001 earnings estimate 1 35 share cut 2002 estimate 50 cents share amid concerns new major liquidity issues company ability recover business lost firm said cash infusion dynegy appears inadequate restore confidence enron customers said dynegy williams cos inc excellent long term prospects valuations throughout sector may pressure enron issues resolved shares enron closed 6 99 tuesday dynegy closed 41 70 shares williams closed 29 26 copyright 2000 dow jones company inc rights reserved enron gets extension 690 mln note due next week updatel 2001 11 21 12 38 new york enron gets extension 690 mln note due next week updatel updates amount debt fourth paragraph houston nov 21 bloomberg enron corp whose shares dropped 92 percent year amid financial crisis said lenders extended mid december payment date 690 million note due next week enron agreed bought rival energy trader dynegy inc transaction valued 23 billion said earlier week drop credit rating may force repay 690 million note repayment would strain cash reserves enron needs back trading operations investors analysts said houston based company say release holds note owed affiliated partnership owns brazilian natural gas assets backed enron note held group banks led citibank unit citigroup inc standard poor said press release yesterday enron also discussions lenders restructuring debt company said statement distributed pr newswire believe interests chase enron primary lenders aligned restructuring effort james lee vice president jp morgan chase co said enron statement work enron primary lenders develop plan strengthen enron financial position merger dynegy morgan advising enron merger dynegy enron said yesterday may pay 9 15 billion debt due 2003 suggesting company may run cash merger closes dynegy said merger close end third quarter 2002 enron said regulatory filing less 2 billion cash credit lines shares enron active stock u trading fell 1 79 23 percent 5 20 midday trading announcement renegotiated 690 million note shares fallen much 42 78 percent lowest level decade dynegy fell 2 50 6 percent 39 20 shares chevrontexaco corp owns 26 percent dynegy rose 49 cents 87 02 enron dynegy shares fall 2 nd day threat buyout update 2 2001 11 21 11 49 new york enron dynegy shares fall 2 nd day threat buyout update 2 adds analyst comment fourth paragraph houston nov 21 bloomberg shares enron corp biggest energy trader dynegy inc fell second day concern enron may run cash takeover dynegy completed enron tumbled much 33 percent dynegy dropped much 6 7 percent enron bonds also fell company 6 4 percent notes maturing july 2006 bid 62 cents offered 66 cents traders said sold 72 cents yesterday institutional investors sold shares companies goldman sachs co analyst david fleischer downgraded market perform recommend list analysts said dynegy bid eliminate customer concerns enron liquidity long term viability goldman sachs said report believe difficult enron shares generate strong returns clear enron operate normal basis without provide cash letters credit back routine transactions fleischer also cut 2002 profit estimate enron 50 cents 1 35 enron expected make 1 90 next year average estimate 16 analysts surveyed thomson financial first call enron said monday may pay 9 15 billion debt due 2003 suggesting houston based energy trader may run cash company said regulatory filing less 2 billion cash credit lines also surprised investors saying drop credit rating may force repay 690 million note next week enron said yesterday terms notes guaranteed affiliated partnership owns brazilian natural gas assets renegotiated verbal indications maturity notes extended company dealings affiliated partnerships led earnings restatements credit rating cuts federal investigation management shakeup dynegy plans complete buyout october enron may ask lenders restructure payment schedules mirant corp aquila inc big energy traders fewer transactions enron concerns increase credit rating ability finance daily business executives said yesterday enron stock fell 2 28 32 percent 4 71 late morning trading earlier touched 4 67 lowest price decade shares plummeted 92 percent year dynegy fell 2 70 6 5 percent 39 00 shares dropped 26 percent year u equity movers cardiac science enron guidant triquint 2001 11 21 10 24 new york u equity movers cardiac science enron guidant triquint new york nov 21 bloomberg following list companies whose shares moving u markets wednesday nov 21 stock symbol parentheses company name major moving stocks enron corp ene fell 1 54 22 percent 5 45 traded low 5 44 energy trader shares fell second day concern enron may run cash takeover dynegy inc dyn completed moving stocks cardiac science inc dfib rose 51 cents 16 percent 3 65 traded high 3 89 maker equipment used restore normal heartbeat patients cardiac arrest said san diego city council approved agreement company deploy automated external defibrillators region company made announcement press release distributed pr newswire officials immediately reached comment guidant corp gdt rose 4 18 8 9 percent 51 traded high 51 50 maker products treat heart disease said study showed implantable defibrillators cut deaths 30 percent heart attack survivors potentially expanding 1 9 billion market product portal software inc prsf fell 34 cents 15 percent 1 89 traded low 1 64 provider internet billing programs said release distributed business wire forecasts loss 9 cents 10 cents share fourth quarter ending jan 31 company expected lose 11 cents average estimate analysts surveyed first call officials reached comment triquint semiconductor inc tqnt fell 1 99 10 percent 17 56 traded low 17 35 communications equipment chipmaker said would report fourth first quarter results low end previous forecasts triquint cut neutral buy report u bancorp piper jaffray cos analyst samuel may tickers ene dfib gdt tqnt money flows difference value trades made higher price previous trade made lower price may also appear stocks inflows outflows show whether people willing pay stock rising sell stock falling less signal share price may soon change direction enron dynegy shares fall 2 nd day threat dynegy bid 2001 11 21 09 57 new york enron dynegy shares fall 2 nd day threat dynegy bid houston nov 21 bloomberg shares enron corp dynegy inc fell second day concern enron may run cash takeover dynegy completed enron fell 1 37 20 percent 5 62 early trading dynegy fell 1 95 4 7 percent 39 75 enron bonds extended declines company 6 4 percent notes maturing july 2006 bid 60 cents offered 68 cents traders said traded 72 cents yesterday enron corp cut market perform goldman sachs 2001 11 21 08 46 new york princeton new jersey nov 21 bloomberg data enron corp ene us downgraded market perform recommend list analyst david n fleischer goldman sachs co earnings estimates period previous estimate new estimate per share usd fy 2001 1 80 1 35 fy 2002 2 15 0 50 enron says lenders extend 690 mln note payment mid december 2001 11 21 12 10 new york enron says lenders extend 690 mln note payment mid december houston nov 21 bloomberg enron corp said lenders extended mid december payment date 690 million note giving debt laden energy trader time restructure finances enron said still committed takeover dynegy inc company said secured remaining 450 million previously announced 1 billion credit line enron shares pared losses announcement debt extension stock fell 1 54 22 percent 5 45 midday trading plunge says end near enron peter eavis senior columnist 11 21 2001 12 32 pm est enron ene nyse news commentary research analysis shares plunged second straight day wednesday fear mounted struggling energy trader bailout merger plan unravel potentially lethal cash crunch appears gripping enron even though planned acquirer dynegy dyn nyse news commentary research analysis injected 1 5 billion cash banks opened new credit lines enron collapse would cause weeks dislocation energy markets would damage energy traders would cause big losses houston company creditors noon est enron announced press release extended mid december 690 million obligation due next week also said agreed bankers draw remaining 450 million previously announced 1 billion secured credit line j p morgan chase lead banker investors fleeing enron since company last month disclosed 1 2 billion writedown unwind related party hedging transactions securities exchange commission probing enron deals related parties october disclosure made investors uneasy suggested company forthcoming true state finances showed enron facing serious liquidity problems fears temporarily quieted earlier month enron agreed acquired smaller rival dynegy enron disclosure monday faces additional earnings financing troubles renewed rush exits wednesday release enron ceo ken lay said company still committed merger continue believe merger best interests shareholders employees lenders dynegy later issued press release indicating continuing confirmatory due diligence regarding merger neither enron dynegy returned calls seeking comment plunging 23 tuesday 6 99 enron staggering 34 one point wednesday moved slightly higher midday press release trade 4 90 enron shares lost 80 value since company issued third quarter earnings release last month dynegy dropped 2 44 39 26 though remains substantially premerger levels heart enron trouble sense company letting full extent troubles selloff enron shares began earnest oct 16 company disclosed earnings conference call would take 1 2 billion writedown unwind related party transactions critics company said deals company business separate entities involving enron managers raised serious ethical disclosure issues dynegy merger taken vote confidence enron since big trading partner dynegy would appear solid grasp enron situation result shares companies rallied deal announcement monday disclosure enron faced 690 million bond payments next week reignited worries company faced steeper challenges detailed according merrill lynch report cited new york times wednesday dynegy aware 690 million obligation critics deal wondered whether enron told dynegy obligations liquidity fears also rekindled information contained filing quarterly results show company consumed much 5 billion cash recent weeks end 2002 enron find around 9 billion pay back various obligations 1 2 billion cash hand nov 16 according filing tellingly dynegy shares plunged along enron suggesting investors see collapse merger catastrophic enron dynegy current levels enron shares trading 50 discount dynegy offer j p morgan taken leading role helping enron lent funds helped restructure 690 million obligation bank stock 78 cents 38 62 work enron primary lenders develop plan strengthen enron financial position merger dynegy said james lee top banker morgan enron release cbs marketwatch com online dynegy enron say merger proceed myra p saefong 1 52 pm et nov 21 2001 washington cbs mw merger partners enron dynegy restated commitment wednesday completing deal heels embattled enron announcement lead lender granted time pay 690 million note set come due next week continuing confirmatory due diligence working accelerate regulatory approvals required complete merger said chuck watson dynegy chairman chief executive statement shares enron ene recovered slightly afternoon trading remained pressure heavy volume stock touched 4 earlier session 1 83 trade 5 16 new 10 year low 84 million shares changed hands enron declined 23 percent tuesday company revealed upcoming debt deadline restated earnings meanwhile dynegy shares lost 1 83 stand 39 87 enron said lead bank 690 million debt agreed extend maturity date mid december give company time restructure facility added expects restructure debt believe identify mutually beneficial restructuring enhance cash position strengthen balance sheet address upcoming maturities said jeff mcmahon chief financial officer statement j p morgan chase co said lenders committed helping enron improve financial position also enron reaffirmed commitment merger dynegy said closed previously announced 450 million line credit j p morgan collateralized company northern natural gas co enron acquired smaller rival dynegy dyn fire sale price revealed securities exchange commission filing monday pay refinance 690 million debt obligations next monday risk triggering nearly 4 billion additional payments enron missed deadline post collateral investors right demand immediate liquidation assets one enron limited partnerships unusual business entities center company murky transactions currently investigation sec filing monday also contained yet another restatement financial results heels similar filing disclosed four years restated earnings figures earlier wednesday goldman sachs lowered rating enron stock market performer u recommended list citing major liquidity issues concerns whether company recover business lost cibc world markets also cut enron hold buy commerzbank weighed wednesday saying enron viability doubt believe filing clearly shows enron remains precarious financial position status going concern much doubt analysts andre meade andrew smith wrote appears enron situation could worsen number ways though enron recent disclosures shed light fiscal situation meade smith characterized information piecemeal appears full extent enron problems currently known said note cautioning clients investing enron