ChevronTexaco supports Dynegy-Enron merger
Steve Sutherlin
ChevronTexaco Corp. said Nov. 9 it has committed $2.5 billion of new equity in Dynegy Inc. to support Dynegy’s planned merger with Enron.
ChevronTexaco currently owns approximately 26 percent of Dynegy’s outstanding common stock, and will invest $1.5 billion in convertible preferred shares in Dyneg....
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