enron mentions 11 26 01 money another sign investors trust enron dow jones news service 11 26 01 dynegy board silent status enron takeover ene dyn dow jones news service 11 26 01 enron banks formalize 690 debt extension dec 14 dow jones news service 11 26 01 citigroup 2 38 b less lose enron due swaps dow jones capital markets report 11 26 01 enron sued 401 k plan plaintiffs seek 850 dow jones news service 11 26 01 stockwatch enron falls 14 pct mounting concerns dynegy deal afx news 11 26 01 usa update 1 enron shares slide lower merger doubts intensify reuters english news service 11 26 01 usa enron lawsuit seen wake call pensions reuters english news service 11 26 01 usa us corp bonds bonds tighten analysts fret enron reuters english news service 11 26 01 petrobras petros close buying enron stakes ceg ceg rio report afx news 11 26 01 tales tape energy traders perfect storm stalls dow jones news service 11 26 01 india update 1 india av birla group denies bid enron unit reuters english news service 11 26 01 enron stock bonds drop concern dynegy bid update 8 bloomberg 11 26 01 dynegy bonds slip enron purchase may harm credit rating bloomberg 11 26 01 enron shares slides time low cbs marketwatch com 11 26 01 money another sign investors trust enron michael rapoport 11 26 2001 dow jones news service copyright c 2001 dow jones fell milestone weeks ago trades less one third book value rare level company enron size prominence may mean among things investors decided simply place faith veracity enron earnings balance sheet figures much revised something unnerving implications attempt value company fairly first let clear means enron stock currently 4 share company reported book value 12 90 share words enron stock sells less one third shareholders would get company liquidate turn assets cash pay liabilities balance sheet give left shareholders uncommonly dismal level company even troubled one comparison sake dynegy inc dyn agreed buy enron trades three times book value el paso corp epg competitor companies fact enron second lowest price book ratio company standard huge premium level offers enron current stock price indication big risk investors see deal consummated current form given enron current woes certainly also possible enron trading big discount book value investors feel trust earnings balance sheet numbers coming enron numbers raw material form basis valuing enron company computing figures like price book price earnings ratios enron debacle quality numbers enron shifting assets balance sheet outside limited partnerships executives benefitted terms numbers ground shifted underneath investors three separate times company slashed reported shareholder equity 1 2 billion unwind transactions one partnerships restated nearly five years worth earnings downward total 586 million revealed could take charges facing imminent deadline post collateral 690 million note deadline extended dec 14 gotten punched face three times unreasonable fear fourth blow matter much puncher assures given enron insanely complicated structure way bad financial news dribbled company past several weeks guarantee shocks yet come investors appear fearing may part reason enron stock fallen precipitously thanks enron repeated demonstrations numbers relied investors longer firm trustworthy basis value stock surprisingly value getting ratcheted conservative bare minimum level enron spokesman reached comment ironic way long time hard properly value enron structure finances complex hard decipher hard properly value enron company attempts clarify finances made clear hard expect investors trust accuracy michael rapoport dow jones newswires 201 938 5976 michael rapoport dowjones com copyright 2000 dow jones company inc rights reserved dynegy board silent status enron takeover ene dyn christina cheddar dow jones newswires 11 26 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 enron banks formalize 690 debt extension dec 14 carol remond christina cheddar 11 26 2001 dow jones news service copyright c 2001 dow jones company inc dow jones newswires new york dow jones enron corp ene group banks last week formalized agreement extend due date 690 million syndicated loan three weeks dec 14 loan relates one enron consolidated limited partnerships owns minority interests power energy projects around world enron said last week standard poor downgrade credit rating bbb triggered obligation repay loan nov 27 people familiar matter said last week lead banks j p morgan chase 201 938 2074 dow jones newswires carol remond dowjones com christina cheddar dow jones newswires 201 938 5166 copyright 2000 dow jones company inc rights reserved citigroup 2 38 b less lose enron due swaps christine richard dow jones newswires 11 26 2001 dow jones capital markets report copyright c 2001 dow jones enron sterling credit linked notes trust yosemite securities co raised combined gbp 325 million enron euro credit linked notes trust issued eur 200 million citigroup acts default swap counterparty trusts receives return portfolio single plus better rated securities purchased proceeds offerings exchange providing payout enron exposure according mary ryan director synthetic securities ratings standard poor long enron remains bankruptcy citigroup continues make payments notes ryan said enron defaults citigroup would cease making payments trust single plus higher rated securities trusts would go citigroup exchange nominal amount default enron debt obligations speculation mounting dynegy reduce maybe even scrap offer buy enron chances default driven transfer would appear rising notes essentially synthetic enron debts meaning act like enron bonds many respects lack key components make holders true creditors enron instance holders notes possess actual enron obligations unless company defaults involved negotiations restructure rollover debt reported enron engaged active negotiations terms debts creditors synthetic notes carry rating equivalent enron rating triple b minus standard 201 938 2189 christine richard dowjones com copyright 2000 dow jones plaintiffs seek 850 11 26 2001 dow jones news service copyright c 2001 dow jones company inc new york dow jones enron corp ene sued monday latest least three purported employee class action suits company faces lost 401 k retirement savings due recent collapse price enron stock press release monday eli gottesdiener washington c attorney filed latest suit behalf employees said seeks 850 million plan losses part company sold enron stock employees knowing price artificially inflated enron spokeswoman declined comment unlike two similar recently filed suits enron latest also contends enron offered stock without required prospectus proven sale without prospectus give workers automatic right rescind purchases receive money back interest gottesdiener said statement enron locked retirement plan oct 17 nov 19 make administrative changes prevented employees selling enron shares share price collapsed amid growing disclosures financial problems earlier month houston based dynegy inc dyn offered buy far larger competitor stock deal values enron shares 10 85 piece 9 2 billion enron later disclosed future earnings would substantially less expected shares fell sharply enron currently trades 4 05 share 52 week high 84 88 share december 2000 first suit filed nov 13 behalf plaintiffs campbell harrison dow jones newswires 201 938 5400 corrected 04 34 pm copyright 2000 dow jones company inc rights reserved stockwatch enron falls 14 pct mounting concerns dynegy deal 11 26 2001 afx news c 2001 afp extel news ltd new york afx shares enron corp 14 pct midsession trading concerns continued mount energy giant acquisition dynegy inc investors focusing deal breaking clause dealers said 12 45 pm enron shares trading 65 cents 4 06 usd decline 14 0 pct dynegy 1 60 usd 38 80 amid broad declines energy shares crude prices sank djia 57 70 points 9 892 86 p 500 6 24 points 1 143 27 nasdaq composite 11 94 points 1 886 99 dealers said enron shares slid well dynegy offer price 9 85 usd share chevrontexaco affiliate may well reconsider offer walk away deal together people making bet perhaps dynegy may cancel deal lot risk playing arbitrage said jefferies co market strategist art hogan deal dynegy contains material adverse change clause could invoked call deal said part due diligence dynegy examining details enron filing securities exchange commission last week reportedly contained information received previously enron shares plunged since filing enron revealed number new financial problems including possible obligation repay 690 mln usd note due nov 27 enron subsequently received extension repayment mid december since beginning year enron shares lost 90 pct value revealed company would post hefty third quarter charges linked risky investments firm former chief financial officer point much smoke around fire think shares rightly valued said jefferies hogan ng gc copyright 2000 dow jones company inc rights reserved usa update 1 enron shares slide lower merger doubts intensify janet mcgurty 11 26 2001 reuters english news service c reuters limited 2001 new york nov 26 reuters shares troubled energy giant enron corp continued lose ground monday amid fears proposed acquisition company smaller rival dynegy inc fall enron stock 61 cents 12 9 percent 4 13 active midmorning trade new york stock exchange dynegy agreed pay 10 55 per share enron market acting like deal going going original terms said michael heim industry analyst g edwards sons heim said among three possible scenarios deal goes planned canceled restructured first least likely escape clauses built dynegy enron deal give buyer option back serious deterioration enron business assets dynegy good claim material adverse condition clause already triggered either 690 million loan accelerated earnings ongoing trading business weakness said last week enron said could forced pay 690 million debt week credit downgrade payment deadline delayed mid december enron recent admission lower volumes trading business crown jewel dynegy covets could cause low fourth quarter earnings raises possibility trading business losing profitability continued lower volumes would remove key attraction dynegy every day goes enron trading volumes become less decreases value assets dynegy trying buy first place heim said besides trading marketing value enron majority enron physical assets spoken partnerships creditors getting first dibs dynegy getting first right exercise option acquire enron northern natural gas pipeline dynegy 26 5 percent owned energy giant chevrontexaco swap 0 2685 share stock share enron shares dynegy 1 27 3 1 percent 39 13 midmorning nyse trade enron agreed dynegy buyout overwhelmed series problems including u regulatory probe balance sheet dealings officers 1 2 billion cut shareholder equity cuts credit ratings enron subsequently restated earnings investor unease snowballed share began tumbling shares 90 august 2000 heim said sure enrononline enron online trading platform premier property two years ago value others able duplicate computer systems traders network enron go away value lessens copyright 2000 dow jones company inc rights reserved usa enron lawsuit seen wake call pensions 11 26 2001 reuters english news service c reuters limited 2001 houston nov 26 reuters washington c lawyer said monday hopes heavy losses suffered enron corp employees spur congress limit employee investments employers stock 401 k retirement plans many workers lose jobs retirement savings congress steps puts stop placing cap amount company stock 401 k plan lawyer eli gottesdiener asked gottesdiener released statement monday saying filed lawsuit behalf employees beleaguered energy giant lost estimated 850 million enron stock held 401 k retirement accounts suit third one filed enron alleges company breached fiduciary duty employees encouraging invest stock artificially inflated prices three suits seek class action status enron shares fallen high 90 august 2000 less 5 today decline accelerating since oct 16 amid series disclosures deteriorating finances like many companies enron makes matching contributions employees 401 k retirement accounts stock also requires hold stock receive matching contributions turn 50 enron employees also prevented selling enron stock held retirement accounts several weeks mid october due change retirement plan administrator gottesdiener said investment advisors recommend investing 15 percent portfolio single stock participants 401 k plans offering employer stock choice typically hold 33 percent portfolio stock congress sensibly placed 10 percent limit company stock traditional defined benefit plans back 1974 behest corporate lobby placed cap defined contribution plans said absence cap defined contribution 401 k plans completely indefensible said gottesdiener suit alleges enron violated federal securities law offering selling enron stock employees without issuing prospectus proven would give workers right reverse purchases said gottesdiener also involved class action pensions litigation new york life insurance co sbc communications inc copyright 2000 dow jones company inc rights reserved usa us corp bonds bonds tighten analysts fret enron 11 26 2001 reuters english news service c reuters limited 2001 jonathan stempel new york nov 26 reuters u corporate bonds outperformed treasuries monday traders edged back desks following thanksgiving day weekend midst broad revival corporate bonds stripes secondary trading spreads yield difference bonds comparable maturity u treasuries tightened 0 01 percentage point would expect continuation tightening especially treasury interest rates going said one trader absolute corporate yields starting look pretty attractive corporate bonds especially junk bonds outperformed treasuries month investors developed new tolerance risk though absolute returns investment grade corporate bonds negative even worse treasury market investors appear convinced current u economic downturn deep long successes afghanistan milder anticipated economic data combined increase investor appetite risk wrote fixed income research service creditsights inc report dated monday severity swiftness bond market correction surprise changed basic view u corporate bonds continue recommend overweight positions week forward calendar remains quiet early trading 10 year treasuries rose 10 32 yields fell 4 971 percent enron market participants closely watching houston based enron corp largest u energy trader tries merge smaller cross town rival dynegy inc keep investment grade credit ratings manage load 9 15 billion debt obligations much unsecured coming due within 13 months debt amount 690 million could come due mid december 3 9 billion immediately enron falls junk status key resolution matter observers believe enron banks goal banks cut exposure gain much structural seniority asset liens possible take fees raise rates take total exposure generally improve risk profile multiple scenarios said creditsights bankers supplying liquidity new secured bank lines rumored considering equity investments ones hook unsecured 3 billion bank loans wrote carol levenson analyst gimmecredit another fixed income research service dynegy backs interest self preservation vital bank renegotiations might save enron leave unsecured bondholders patsies enron existing 6 4 percent notes maturing 2006 6 75 percent notes maturing 2009 bid friday 57 cents dollar around par october 12 enron first reported third quarter results later revised downward enron shares fallen 94 percent year lowest level since early 1989 data investment grade junk bond spreads narrowed 0 1 0 27 percentage point last week respectively 1 68 7 84 percentage points according merrill lynch co junk bond spreads narrowed 1 45 percentage points month month junk bonds returned 2 996 percent investment grade corporate bonds lost 2 355 percent treasuries 3 488 percent merrill lynch said year respective bonds 4 777 9 634 6 565 percent complete list upcoming recently priced bond deals please click copyright 2000 dow jones company inc rights reserved petrobras petros close buying enron stakes ceg ceg rio report 11 26 2001 afx news c 2001 afp extel news ltd sao paulo afx petroleo brasileiro sa pension fund petros close winning regulatory approval purchase enron corp stakes gas distributors ceg ceg rio daily valor economico reported valor said petrobras last week reached agreement regulatory agency public service concessions rio de janeiro local authorities agreed undertake series investments exchange approval acquire enron 13 38 pct stake ceg 33 75 pct stake ceg rio said deal passes rio de janeiro governor anthony garotinho approval information contact afx www afxnews com www afxpress com copyright 2000 dow jones company inc rights reserved tales tape energy traders perfect storm stalls christina cheddar 11 26 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 india update 1 india av birla group denies bid enron unit 11 26 2001 reuters english news service c reuters limited 2001 recasts denial comments financial institution paragraphs 5 6 bombay nov 26 reuters aditya vikram birla group leading indian conglomerate monday denied newspaper reports looking buy u energy giant enron corp 65 percent stake beleaguered dabhol power company expression interest dabhol interested top av birla group official told reuters two leading indian business dailies earlier said group whose interests range textiles cement carbon black eyeing dabhol expand interests domestic power sector economic times financial express said group exploring possibility submitting expression interest indian financial institutions buy enron stake company official state run industrial development bank india leading financier 2 9 billion project western state maharashtra said heard birla group received official communication official wish identified told reuters spokesman dabhol available comment fighting survival enron corp fighting survival united states amidst investor doubts corporate governance practices owns 65 percent dabhol general electric co bechtel 10 percent maharashtra state electricity board mseb owns 15 percent dabhol mseb fighting payment defaults high tariffs year dispute affected india efforts attract foreign investment power sector caused enron u partners announce plans exit project tata power company ltd india largest private sector utility firm bses ltd another utility company member india largest conglomerate reliance group already talks buy enron stake av birla group adopted route mergers acquisitions recent years consolidate position key industries last week one group companies grasim industries ltd bought 10 percent stake india largest cement maker larsen toubro ltd earlier year indian rayon industries ltd another group company entered information technology sector buying france groupe bull sa 50 35 percent stake psi data systems group track record power sector less impressive two joint ventures britain powergen plc produce 1 000 megawatts electricity two indian states made much headway since announced mid 1990 copyright 2000 dow jones company inc rights reserved enron stock bonds drop concern dynegy bid update 8 2001 11 26 16 45 new york enron stock bonds drop concern dynegy bid update 8 adds analyst comment 4 th paragraph new york nov 26 bloomberg enron corp stock price declined 14 year low bonds plunged 10 points concern company secure 1 billion fresh capital threatening plan acquired dynegy inc clock definitely ticking said jon kyle cartwright debt analyst raymond james associates question survivability enron j p morgan chase co citigroup inc executives met today line investors much 2 billion bonds convertible stock company needs money operate dynegy completes 23 billion purchase dynegy unveiled plan make acquisition nov 9 enron shares bonds opened lower tumbled 1 p announcement fresh financing made enron 6 4 percent notes mature 2006 plunged 48 cents dollar 55 cents friday bonds yield 26 percent enron shares declined 15 percent 70 cents 4 01 concern rival dynegy may change cancel bid enron pushed enron stock 55 percent past week enron shares plummeted 86 percent since mid october company reported 618 million third quarter loss said expansion water telecommunications retail energy sales cost 1 01 billion heard anything dynegy today bit scary said andy palmer hold enron bonds 2 billion helps manage asb capital management inc washington part third quarter charge connected limited partnerships run chief financial officer ousted u securities exchange commission started investigation enron accounting company earlier month restated earnings past four years talks 1 billion buyout enron investors would receive 0 2685 dynegy share share held valued enron 10 41 share 21 percent enron share price day friday buyout valued enron 10 85 share double enron closing price 4 71 widening difference value offer enron stock price indicates investors doubt buyout go shares enron traded low 3 76 today rebounding close 4 01 stock active u trading wednesday friday dynegy dropped 1 15 2 85 percent 39 25 stock fallen 30 percent year companies based houston egan jones ratings co lowered rating enron credit today bb bb dynegy needs show support enron slide firm said report moody investors service issued report enron since company filed 10 q quarterly report sec week ago ratings agency analysts returned calls comment moody cut enron long term credit rating nov 9 though maintained investment grade problems time enron friend said stewart morel co head investment grade debt research ubs warburg llc increased concern market may problems yet disclosed wednesday enron got three week reprieve lenders 690 million note due week giving company time restructure finances dynegy chief executive officer chuck watson said encouraged commitment extend note payment well closing 450 million credit facility dynegy remained committed merger terms 690 million note outlined first time enron filing week ago enron also said less 2 billion cash credit lines left company cash reserves run low enron credit rating may cut investment grade would trigger 3 9 billion debt repayments two affiliated partnerships enron said filing fourth quarter profit might hurt drop trading business companies aquila inc mirant corp reduced activity enron credit concerns dynegy deal fall view likely enron would able remain stand alone company youngberg edward jones said without dynegy credit rating fall causing trading business dry enron biggest energy trader handled quarter u gas power transactions enron bankers met leveraged buyout firms two industrial companies seek investment new york times reported last week j p morgan chase co citigroup inc agreed terms give 250 million equity stake part transaction completed today dynegy bonds slip enron purchase may harm credit rating 2001 11 26 15 16 new york dynegy bonds slip enron purchase may harm credit rating new york nov 26 bloomberg dynegy inc bonds fallen much 9 percent month investor concern energy trader proposed 23 billion purchase rival enron corp erode credit rating dynegy 6 88 percent coupon notes due 2011 trading 932 per 1 000 face value 1 024 last month according merrill lynch co data yield debt risen 7 9 percent 6 5 percent investors demand return compensate increased risks securities dynegy credit rated baa 3 moody investors service lowest rung investment grade bbb standard poor two levels higher ratings company said may cut dynegy credit rating buys enron comes 15 billion debt regulatory inquiry financial partnerships set keep debt books put dynegy enron together detrimental effect dynegy credit rating said tim nelson senior credit analyst u bancorp piper jaffray cos minneapolis holds dynegy bonds dynegy 7 45 percent coupon notes due 2006 trading 1 019 per 1 000 face value 1 085 last month according merrill notes yield almost 7 percent 5 4 percent enron credit rated baa 3 moody bbb p lowest level investment grade ratings companies reviewing credit possible downgrade say dynegy buyout plan keeping grades junk think right anybody knows exactly enron said mark simenstad holds dynegy bonds 5 billion helps manage lutheran brotherhood dynegy proven pretty well managed years give benefit doubt simenstad said hope something understand walk away dynegy 3 9 billion bonds outstanding come due 2002 2011 according bloomberg data shares houston based dynegy topped 47 two weeks ago chief executive chuck watson said enron purchase would boost earnings least 35 percent next year fell 1 30 39 10 mid afternoon trading today enron shares 92 percent year fell much 80 cents 17 percent 3 91 lowest since 1987 enron shares slides time low cbs marketwatch com 4 53 pm et nov 26 2001 houston cbs mw enron shares fell much 20 percent monday crashing 4 level part set time low cast additional doubt energy merchant plan acquired rival dynegy enron ene set new time low 3 76 monday afternoon closing 4 01 70 cents 60 million shares changed hands making active issue new york stock exchange stock lost half value since dynegy announced agreement buy enron nov 9 85 percent value past month meanwhile shares dynegy dyn lost 1 15 2 8 percent stand 39 25 collapse enron share price made likely dynegy enron renegotiate terms original deal 0 2685 dynegy share would exchanged outstanding enron share however financial times reported dynegy remains confident ability complete deal enron seeking 500 million private equity capital shore finances continue hear reports enron energy marketing trading business crown jewel company eroded badly counterparties willing shorter term deals g edwards sons analysts charles fishman douglas fischer wrote research note friday enron investors believe merger likely occur current terms analysts said chance dynegy backing monday michael heim also g edwards attributed enron latest stock drop growing belief likelihood merger deal likely pointed outlook enron favorable meantime everything stay afloat working closing deal last week enron said got bank extension 690 million note mid december note originally set come due 2003 bumped nov 26 due rating downgrade standard poor payment manageable enron 2 billion cash hands heim said event moves enron merger one step closer point dynegy able exercise merger material adverse condition clauses back restructure merger deal heim sell rating stock