Carl Icahn Has Almost Bought His Very Own Power Company

It had been a while since we checked in on the doings of billionaire corporate raider (but also philanthropist) Carl Icahn, so let’s catch up with Far Rockaway’s favorite son.

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Mr. Icahn’s efforts to take over Lion’s Gate, the company that makes “Mad Men,” have basically failed (for now; Mr. Icahn is very tenatious). But what he lacks in showbusiness-buyout skills, he apparently makes up in his ability to woo the boards of energy companies. Dynegy has agreed to accept Mr. Icahn’s offer of $5.50 a share. Carl has succeeded where others were turned away; Steve Schwarzman’s Blackstone Group had launched a $5-per-share bid in November but was rebuffed.

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