Friday was the first time in a while that private equity made a large acquisition in the power generation market. The Blackstone Group (NYSE: BX) announced that it was acquiring Dynegy Corp. (NYSE: DYN). The $542 million buyout valued Dynegy at $4.50 per share. It looks like at least some investors believe that there is a chance of a higher bid.

Reading the Tea Leaves

by Brandon Wendell | Aug 18, 2010 | Unusual Activity

I struck up a conversation with the person who was seated next to me. It turns out that he worked for Lloyds TSB Bank. His initial comment to me when I told him I was a trader and used technical analysis for trading decisions was, "Oh, so you read tea leaves!"

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