WeissLaw LLP Investigates Dynegy Inc. Acquisition

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