Dynegy Inc., which backed out of a November merger with Houston-based rival energy marketer Enron Corp., has agreed to pay Enron $25 million in exchange for a release from Enron of all claims related to the terminated merger, the companies said. Dynegy also agreed not to pursue any claims related to its acquisition from Enron of its Northern Natural Gas Co. pipeline. Enron's bankruptcy judge in New York still must approve the terms.
August 19, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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