enron mentions 11 27 01 enron fights find near term sellers still trading dow jones energy service 11 27 01 usa update 3 dynegy says talks enron merger structure reuters english news service 11 27 01 rpt dynegy confirms talks structure enron merger deal afx news 11 27 01 merger traders wary even enron dynegy cut new terms dow jones news service 11 27 01 dynegy confirms talks structure enron merger deal afx news 11 27 01 stockwatch enron slightly higher hopes new deal price afx news 11 27 01 money hedge funds say yes new enron terms dow jones news service 11 27 01 dynegy confirms talks enron deal structure source dow jones news service 11 27 01 usa enron shares despite talk new dynegy deal reuters english news service 11 27 01 enron credit rating remain unchanged today moody says bloomberg 11 27 01 enron turned investors alwaleed blackstone carlyle bloomberg 11 27 01 liberty funds analyst paik comments dynegy enron talks bloomberg 11 27 01 g edwards analyst heim comments dynegy enron talks bloomberg 11 27 01 commerzbank analyst meade comments dynegy talks enron bloomberg 11 27 01 enron shares recover slump cbs marketwatch com 11 27 01 enron free fall forbes com enron fights find near term sellers still trading mark golden dow jones newswires 11 27 2001 dow jones energy service copyright c 2001 dow jones company inc new york dow jones enron corp ene continued struggle tuesday find willing sellers near term gas power north america one time market maker still able trade limited basis according market sources getting better said one major energy broker many energy trading companies selling enron buying near term include aquila inc ila mirant mir royal dutch shell group rd subsidiary coral energy sempra energy sre morgan stanley dean witter energy trading subsidiary said broker broker estimated enron counter trading volume 25 month ago companies willing buy enron spot gas power markets taking delivery commodity paying month later poses credit risk buyer companies like dynegy inc dyn duke energy corp duk bp plc bp continue trade enron fairly freely broker said dynegy reached agreement acquire enron though terms deal renegotiated trading subsidiaries troubled california utility holding companies pg e corp pcg edison international eix also trading enron third largest group companies trading enron limited basis reduce exposure taking setting trades deals done long ago include el paso corp epg reliant resources rri tractebel sa b trb u trading unit regulated utilities broker said several energy traders said power gas sold prices lower enron offering cut many people said one electricity trader enron says slight reduction transactions enron spokesman said seen slight reduction transactions 25 one month ago level notional value enron 30 day rolling average transactions 2 8 billion said enron spokesman eric thode thode declined give volume data tuesday monday although company giving daily information two weeks ago daily information speaking terms 30 day rolling averages fair speak terms daily daily volatility thode said traders brokers said hope dynegy offer kind guarantee enron trading restore confidence enron ability transact took severe turn worse nov 20 dynegy said companies must continue operate independently merger approved completed energy companies began shying away enron past month concerns finances precipitated 75 drop stock price left bonds trading levels typically associated junk rated debt enron saw ability trade seriously damaged last week following late release quarterly financial report u securities exchange commission first time since enron troubles began month ago energy companies stopped selling enron spot markets fear enron might able pay bills soon next month based quarterly filing moody investors service standard poor rate enron one notch speculative grade moody enron ratings review downgrade 201 938 4604 mark golden dowjones com john edmiston houston jon kamp chicago also contributed article copyright 2000 dow jones company inc rights reserved usa update 3 dynegy says talks enron merger structure c bryson hull 11 27 2001 reuters english news service c reuters limited 2001 houston nov 27 reuters energy trader dynegy inc confirmed tuesday talks floundering rival enron corp proposed merger sources familiar negotiations indicated final buyout price may slashed 40 percent confirm discussions parties involved transaction related deal dynegy spokesman john sousa told reuters declined give details dynegy planned buy houston rival 9 billion stock currently due diligence examination enron complex financial books began thanksgiving holiday last thursday buyout offer finalized nov 9 would dynegy paying 10 41 share enron enron shares since cratered near 4 stoking investor fears merger go planned stock exchange ratio discussion could fall originally proposed valuation 0 2685 dynegy share enron share around 0 15 instead sources familiar matter told reuters enron willing accept lower valuation given pressure stock price sources said enron shares bounced dynegy confirmation restructuring talks trading 22 cents 4 23 late afternoon action new york stock exchange shares dipped low 3 84 late morning dealings high 4 49 dynegy shares gained 4 7 percent 1 83 move 41 08 nyse also table negotiations extend maturation enron debt past close merger expected third quarter 2002 sources said announcement possible new infusion least 500 million cash enron said seeking also seemed accord gets first crack northern natural gas pipeline would dynegy consolation prize deal fell apart source said published reports said investment banks j p morgan salomon smith barney already accepted pipeline collateral loans may dispute dynegy ownership deal breaks pipeline far valuable already collateralized solid earnings stream thing said one source familiar discussions one trading unit shut two sources confirmed reuters enron equity trading unit told closed roughly 60 employees laid enron immediately available comment layoffs part broader job cuts expected part dynegy buyout point acute problem enron loss volume premier trading franchise enron trading partners cutting back transactions north america largest energy trader credit concerns business hugely dependent volumes volume growth principal reason dynegy making deal worth lot less enron worth less vital stop bleeding core trading marketing business said commerzbank analyst andre meade enron stock continued lose value 50 percent since dynegy initial bid seemed likely purchase price would fall well enron seen market capitalization drop around 3 billion 60 billion start 2001 additional reporting jeff goldfarb janet mcgurty jonathan stempel new york copyright 2000 dow jones company inc rights reserved rpt dynegy confirms talks structure enron merger deal 11 27 2001 afx news c 2001 afp extel news ltd repeating clarify lead new york afxo dynegy inc confirmed talks enron corp terms two week old acquisition deal confirm discussions parties involved transaction related structure deal dynegy spokesman steve stengel said enron declined comment citing people familiar matter wall street journal reported today enron advanced talks dynegy cut price stock transaction 40 pct 5 bln usd enron also trying extend maturity dates borrowings stem growing liquidity crisis wall street journal said lwl gc copyright 2000 dow jones company inc rights reserved merger traders wary even enron dynegy cut new terms christina cheddar dow jones newswires 11 27 2001 dow jones news service copyright c 2001 dow jones 201 938 5166 christina cheddar dowjones com copyright 2000 dow jones company inc rights reserved dynegy confirms talks structure enron merger deal 11 27 2001 afx news c 2001 afp extel news ltd new york afxo dynegy inc confirmed talks enron corp renegotiate terms deal dynegy inc attempt save two week old acquisition deal confirm discussions parties involved transaction related structure deal dynegy spokesman steve stengel said enron meanwhile declined comment report citing people familiar matter wall street journal reported enron corp advanced talks dynegy cut price stock transaction 40 pct 5 bln usd enron also trying extend maturity dates borrowings stem growing liquidity crisis wall street journal said lwl gc copyright 2000 dow jones company inc rights reserved stockwatch enron slightly higher hopes new deal price 11 27 2001 afx news c 2001 afp extel news ltd new york afx shares enron corp slightly higher midsession trade reports company trying renegotiate terms deal dynegy inc cutting price stock transaction 5 bln usd 40 pct 9 bln usd dealers said 12 19 pm amid broad declines market enron shares trading 5 cents 4 04 usd dynegy 1 26 usd 3 26 pct 40 51 djia 111 48 points 9 871 28 p 500 10 40 points 1 147 02 nasdaq composite 20 25 points 1 920 98 earlier wall street journal said enron advanced talks dynegy attempt salvage two week old acquisition deal companies discussing new price paper deal following sharp fall enron share price past weeks enron hoped finalise deal make announcement yesterday would calm investors shares trading small fraction record high last year 87 50 usd today however revised deal still formalised current agreement dynegy contains material adverse change clause could invoked call deal part due diligence dynegy examining details enron filing securities exchange commission last week reportedly contained information received previously enron black hole know deep bottom said fadel gheit analyst fahnestock co four weeks ago enron stock trading 8 usd mark gheit said noting dynegy done homework stock would continued collapse market sees somebody figure potential exposure could several billion dollars said gheit deal go two companies must arrive new stock exchange ratio said gheit current acquisition agreement dynegy would exchange 0 2685 share enron share tendered according wall street journal new ratio expected less 0 15 share dynegy stock every share enron stock would value enron less 6 usd share 5 bln usd blms cl gc copyright 2000 dow jones company inc rights reserved money hedge funds say yes new enron terms carol remond 11 27 2001 dow jones news service copyright c 2001 dow jones company inc dow jones newswires column new york dow jones news enron corp ene would suitor savior dynegy inc dyn working renegotiate merger agreement done little assuage market jitters enron fate far even professional arbitrageurs normally thrive placing bets whether merger going go continue part stay clear enron stock bonds uncertainty surrounding mighty energy trader still reports equity swap ratio offered dynegy could revised 0 15 0 2685 hedge funds often willing take risks looking place trades deal trying figure good play said trader new york hedge fund far bets consideration seem would include combination stock debt trading somehow hedging short position enron shares long position bonds people playing debt definitely playing stock hedge fund manager another fund said manager added still trying evaluate different risk reward scenario debt equity sides investors sell stock short borrow shares hopes replacing later purchasing lower price arbitrageurs typically sell short shares acquirer taking long positions stock target company nothing typical enron financial woes rescue efforts launched dynegy large banks like j p morgan chase 201 938 2074 dow jones newswires carol remond dowjones com copyright 2000 dow jones company inc rights reserved dynegy confirms talks enron deal structure source christina cheddar dow jones newswires 11 27 2001 dow jones news service copyright c 2001 dow jones 201 938 5166 christina cheddar dowjones com discussions enron dynegy merely focused revising consideration dynegy pay also aimed providing enron additional funding restructuring debt said person familiar negotiations moves aimed restoring confidence enron relieving perceived liquidity crisis source said christina cheddar dow jones newswires 201 938 5166 christina cheddar dowjones com copyright 2000 dow jones company inc rights reserved usa enron shares despite talk new dynegy deal 11 27 2001 reuters english news service c reuters limited 2001 new york nov 27 reuters shares financially troubled energy trading giant enron corp slipped back red tuesday gaining opening trade following news new rescue deal dynegy inc enron shares 2 cents 3 99 rising 19 cents 4 7 percent 4 20 early dealings new york stock exchange analysts questioned viability original proposal dynegy acquire enron deal worth 9 billion wall street journal reported companies discussing reducing price stock deal 40 percent 5 billion copyright 2000 dow jones company inc rights reserved enron credit rating remain unchanged today moody says 2001 11 27 16 12 new york enron credit rating remain unchanged today moody says new york nov 27 bloomberg enron corp credit rating remain baa 3 lowest investment grade moody investors service said take ratings action today largest energy trading company david stimpson moody managing director ratings communication said although speculation market moody would make ratings change company take action enron today stimpson declined comment moody expected make statement enron credit bankers sought raise much 2 billion energy trader private equity bankers led j p morgan chase co vice chairman james b lee unable two weeks raise money concern enron able meet obligations concern heightened enron disclosed 690 million payment due week enron needs money operate completes acquisition dynegy inc enron turned investors alwaleed blackstone carlyle 2001 11 27 15 16 new york enron turned investors alwaleed blackstone carlyle new york nov 27 bloomberg enron corp bankers seeking raise much 2 billion energy trader turned investors including prince alwaleed bin talal carlyle group inc blackstone group lp approached several people invest company declined said alwaleed billionaire investor saudi arabia fall enron shares declined 95 percent year necessarily make good investment said bankers led j p morgan chase co vice chairman james b lee unable two weeks raise money concern enron able meet obligations concern heightened enron disclosed 690 million payment due week enron needs money operate completes acquisition dynegy inc prospect enron fail line financing jeopardizing plan acquired dynegy weighed stock bonds company securities gained today talks enron dynegy renegotiate terms transaction convinced investors takeover likely take place enron 6 4 percent bonds mature 2006 closed yesterday 48 cents dollar rebounded trade 55 cents dollar price bonds yield 22 5 percent enron shares rose 21 cents 5 percent 4 22 stock finished yesterday 4 01 lowest level 14 years declining invest j p morgan citigroup inc enron largest lenders plan provide 250 million enron part 2 billion package bankers seeking additional investments would made form convertible stock two weeks questor management co 1 billion private equity fund invests troubled companies buyout funds carlyle group blackstone balked investing said people familiar situation blackstone questor declined comment christopher ullman spokesman carlyle said discussions enron financing equity would leave enron stronger balance sheet reassure trading partners said kathleen vuchetich helps manage 1 4 billion assets strong american utilities fund vuchetich 4 2 percent portfolio invested dynegy shares enron dynegy discussed revising terms merger weekend said steve stengel spokesman dynegy dynegy talking paying less 0 15 share enron valuing company equity 5 billion less 6 per share wall street journal reported citing people close discussions terms concern dynegy deal breaks said paul tice co head u high grade credit research covers energy market deutsche bank current terms call exchange ratio 0 2685 share dynegy stock enron share given recent disclosures enron debt drop stock price fairer ratio would 0 15 share dynegy said ronald barone ubs warburg analyst rates dynegy strong buy current terms deal makes sense dynegy enron earns 85 cents next year said gordon howald analyst credit lyonnais rates dynegy buy ubs warburg barone reduced estimate enron 2002 earnings 75 cents share 1 65 enron needs infusion part 9 billion payments due end 2002 less 2 billion cash credit lines decline reserves also raised prospect moody investors service may cut enron credit rating lower rating would trigger 3 9 billion debt repayments two affiliated partnerships cash question main question cash position right said tice deutsche bank falloff cash position company stabilizing moody issued report enron since company filed quarterly report securities exchange commission last week announcing 690 million note due week wednesday enron got three week reprieve lenders 690 million note closed 450 million credit line dynegy chief executive officer chuck watson said encouraged developments liberty funds analyst paik comments dynegy enron talks 2001 11 27 11 56 new york boston nov 27 bloomberg edward paik analyst liberty funds group comments dynegy inc proposed 23 billion acquisition enron corp largest energy trader paik enron shares among 3 6 billion assets helps manage liberty dynegy may renegotiate terms bid enron people familiar talks houston based companies said yesterday stock market clearly 100 percent certain dynegy deal go negotiated paik said waiting announce renegotiated deal implicit due diligence done dynegy walk away anything happened impose conditions good dynegy needs resuscitate enron back health g edwards analyst heim comments dynegy enron talks 2001 11 27 11 00 new york st louis missouri nov 27 bloomberg g edwards stands minor scandal houston based energy company whose chairman kenneth lay personal friend top fundraiser president george w bush vice president dick cheney free fall bailout rival dynegy made public three weeks ago appears unraveling dynegy nyse dyn news people buyout enron nyse ene news people news people http www forbes com peopletracker results jhtml startrow 0 name decided drop te middle go enron soon enron may part dynegy much smaller company terms revenue deal falls apart may want go back enteron