Tuesday, 24 November 2015
Last updated 21 hours ago
Apr 11 2011 | 1:56pm ET
Round one of the battle over the future power company Dynegy went to Seneca Capital, when it helped beat back Icahn Enterprises' $665 million takeover bid for the company. Round two went to Icahn, which won two seats on Dynegy's interim board of directors after its old board resigned en masse, to Seneca's one. But Seneca may yet have the last laugh.
Seneca's one representative on the Dynegy board, E. Hunter Harrison, has been named interim president and CEO of the company, as well as head of its governance and nominating committee. Harrison replaced David Biegler, who replaced Dynegy's former CEO after he resigned in the wake of the Icahn bid's proxy defeat.
Seneca, which has a 12% stake in Dynegy, is the company's second-largest shareholder after Icahn.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…