Newsgroup: it.economia.borsa
Titolo: HANNO SOSPESO ENE?

o e' una mia impressione? su island non si muovono piu';
ho il book fermo all'ultima contrattazione delle 10,58,12 a 2,51 dollari


porterai mica sfi....ducia? :-))
dai non guardarle piu', fallo per london e spyme:))


SEI TU CHE PORTI SFIGA
non occuparti piu' di ENE per favore
pensa ad entrare sui titoli italiani sui massimi che  gia' lě fai la tua
bella figuretta.

UPDATE 6-Enron, Dynegy hammer away at new merger deal
(Releads with latest negotiations, new details)
By C. Bryson Hull and Arindam Nag
HOUSTON, Nov 27 (Reuters) - Energy trader Dynegy Inc. (NYSE:DYN) and
floundering rival Enron Corp. (NYSE:ENE) hammered away at new terms for
their proposed merger late Tuesday, and sources said talks included a buyout
offer half the original price and fervent efforts to secure financing to
stave off a credit downgrade
The sources familiar with the negotiations said investment banks J.P. Morgan
and Citigroup, who are advisors and have already loaned Enron a total of $1
billion, may have to step up with a combined $500 million to help save the
deal.
This follows several rebuffs of Enron by prominent private equity firms,
although a source said the Houston company was entertaining an offer of $1
billion from outside investors.
Dynegy had planned to buy its Houston rival for $9 billion in stock and is
currently in a "due diligence" examination of Enron's complex financial
records that began before the Thanksgiving holiday last Thursday.
The first buyout offer, finalized Nov. 9, would have had Dynegy paying about
$10.41 for each share of Enron, but Enron's shares have since cratered to
near $4, stoking investor fears the merger will not go through.
It is abundantly clear that the deal will be changed if it is to proceed.
Sources close to the negotiations said the stock exchange ratio is likely to
fall into the range of 0.12 to 0.15 Dynegy shares for each Enron share,
about half of the originally proposed valuation of 0.2685 to 1.
Enron had tentatively accepted the lower end of that range, but a source
cautioned that the talks were still very active and the terms very fluid.
Also on the table were negotiations to extend maturation of Enron's debt
past the close of the merger, expected in the third quarter of 2002, as
another move against a credit cut.
OUTSIDE OFFER ENTERTAINED
As for the outside offer of $1 billion, a source said the investment is
designed to shore up Enron's balance sheet and keep rating agencies from
junking its credit. A credit downgrade would cause some $3.9 billion in
obligations to become due immediately.
"It's all about getting money to protect assets and intellectual property,"
the source told Reuters.
An announcement could come as early as Wednesday, but it could take longer,
the source said.
The source declined to identify the parties, and would neither confirm or
deny that Goldman Sachs was among them. Sources close to the investment bank
have told Reuters recently that Goldman is looking at ways to be part of
Enron's power trading business.
Dynegy spokesman John Sousa declined to comment on what he termed
speculation about parties to the deal.
Enron's shares bounced slightly on Tuesday after Dynegy confirmed the
restructuring talks. Shares closed up 13 cents at $4.14 on the New York
Stock Exchange. Dynegy's shares gained 4.2 percent or $1.64 to $40.89 on the
NYSE.
Another set of clouds darkening Enron's sky is the fact that its pursuit of
private equity financing has found few takers among the more prominent
private equity firms.
Three New York-based buyout firms, Blackstone Group, Clayton Dubilier & Rice
and Warburg Pincus LLC have all passed on Enron, according to people
familiar with Enron's efforts.
And Washington, D.C.-based Carlyle Group, another major private equity firm,
is also not interested in Enron, Carlyle spokesman Chris Ullman said.
Some private equity executives who have looked at Enron say too much remains
unclear about Enron's financial condition to commit funds in the near
future.
One certainty is that layoffs are in Enron's future. Three sources confirmed
to Reuters that Enron's equity trading unit is being closed and that the
roughly 60 employees there are being laid off. An Enron spokesman would not
comment on the cuts.
Those layoffs, part of broader job cuts expected as part of the Dynegy
buyout, point to an acute problem for Enron -- the loss of volume in its
trading franchise, the crown jewel most coveted by Dynegy. Enron's trading
partners have been cutting back transactions with North America's largest
energy trader because of credit concerns.
"This business is hugely dependent on volumes and volume growth. It is the
principal reason that Dynegy is making the deal. If it's worth a lot less,
then Enron is worth less. It's vital to stop the bleeding in its core
trading and marketing business," said Commerzbank analyst Andre Meade.
(Nag reported from New York. Additional reporting by Jeff Goldfarb, Dane
Hamilton, Janet McGurty and Jonathan Stempel in New York)
Copyright 2001, Reuters News Service