Wednesday, 6 May 2015
Last updated 34 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…