UPDATE 1-Icahn buys Dynegy stake; says Blackstone bid inadequate

Posted on October 12, 2010 at 08:04 AM EDT

Oct 12 (Reuters) - Activist investor Carl Icahn has become the largest stakeholder in Dynegy Inc , taking a 9.95 percent stake, and believes a $4.7 billion bid for the power company by Blackstone Group is inadequate.

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