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	<title>Stock Blog Hub &#187; MIR</title>
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		<title>(DYN) Dynegy Countdown Towards Aquisition by The Blackstone Group</title>
		<link>http://www.stockbloghub.com/2010/09/10/dyn-dynegy-countdown-towards-aquisition-by-the-blackstone-group/50975</link>
		<comments>http://www.stockbloghub.com/2010/09/10/dyn-dynegy-countdown-towards-aquisition-by-the-blackstone-group/50975#comments</comments>
		<pubDate>Fri, 10 Sep 2010 16:05:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Electric Utilities]]></category>
		<category><![CDATA[Utilities]]></category>
		<category><![CDATA[BX]]></category>
		<category><![CDATA[Calpine Corporation]]></category>
		<category><![CDATA[CPN]]></category>
		<category><![CDATA[DYN]]></category>
		<category><![CDATA[Dynegy Inc.]]></category>
		<category><![CDATA[MIR]]></category>
		<category><![CDATA[Mirant Corporation]]></category>
		<category><![CDATA[NRG]]></category>
		<category><![CDATA[NRG Energy]]></category>
		<category><![CDATA[RRI]]></category>
		<category><![CDATA[RRI Energy Inc]]></category>
		<category><![CDATA[The Blackstone Group]]></category>

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		<description><![CDATA[Houston-based merchant generator, Dynegy Inc. (DYN) is moving towards being acquired by an affiliate of The Blackstone Group L.P. (BX). Post-acquisition, Blackstone will sell a portion of Dynegy’s generation assets to NRG Energy Inc. (NRG), which is proactively looking at increasing its presence in California. Blackstone plans to close the transaction by the end of 2010. Federal Trade Commission Approval On Wednesday, the Federal Trade Commission, in an early termination notice under the Hart-Scott-Rodino Antitrust Improvement Act, approved the deals and said that neither the acquisition deal nor the intended asset sales to NRG Energy presents any breach of antitrust regulations. Background On August 13, 2010, Blackstone announced that it would acquire Dynegy for $4.7 billion (including debt). Under the deal, Blackstone will pay $4.50 per share (a 62% premium ]]></description>
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		<title>(AES) AES Corporation Announces $500 Million Share Buyback</title>
		<link>http://www.stockbloghub.com/2010/07/09/aes-aes-corporation-announces-500-million-share-buyback/42920</link>
		<comments>http://www.stockbloghub.com/2010/07/09/aes-aes-corporation-announces-500-million-share-buyback/42920#comments</comments>
		<pubDate>Fri, 09 Jul 2010 13:37:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Electric Utilities]]></category>
		<category><![CDATA[Utilities]]></category>
		<category><![CDATA[AES]]></category>
		<category><![CDATA[DUK]]></category>
		<category><![CDATA[Duke Energy Corporation]]></category>
		<category><![CDATA[MIR]]></category>
		<category><![CDATA[Mirant Corporation]]></category>
		<category><![CDATA[The AES Corporation]]></category>

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		<description><![CDATA[Shares of power company AES Corporation (AES), shot up 11% on Wednesday after its board of directors approved a common stock buyback plan of $500 million. Under the program, AES will repurchase the company&#8217;s stock in lots through Dec 31, 2010, using a number of channels, which include open-market and private placements. The amount, timing or prices for the stock repurchase may vary based on market conditions and other factors. The board may modify, extend or terminate the repurchase program at any point of time. The stock buyback announcement comes after a hiatus of almost two years. AES’ last share repurchase plan of $400 million was approved by its board on Aug 7, 2008. The program was valid for over a six-month period ending Feb 7, 2009. Under the $400 ]]></description>
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		<title>(MIR) Mirant Corporation &#8211; Consensus Estimates Move Higher</title>
		<link>http://www.stockbloghub.com/2009/07/23/mir-mirant-corporation-consensus-estimates-move-higher/11134</link>
		<comments>http://www.stockbloghub.com/2009/07/23/mir-mirant-corporation-consensus-estimates-move-higher/11134#comments</comments>
		<pubDate>Thu, 23 Jul 2009 18:57:47 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Diversified Utilities]]></category>
		<category><![CDATA[Utilities]]></category>
		<category><![CDATA[MIR]]></category>
		<category><![CDATA[Mirant Corp.]]></category>

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		<description><![CDATA[Mirant Corporation (MIR), the electricity provider, has surprised on estimates 3 out of the last 4 quarters by an average of 9.87%. The stock is cheap. MIR trades at just 5.4x forward earnings. Company Description Mirant Corporation sells electricity across the United States. The company has 11 power plants near high population centers. Mirant Easily Surprised in the First Quarter On May 8, Mirant reported first-quarter 2009 results that surprised on estimates by 38.60%. Earnings per share were 79 cents compared to 66 cents in the year ago quarter. Analysts expected 57 cents. The year over year gain was the result of lower realized gross margin and higher net interest expense. At the end of the quarter, the company had cash and cash equivalents of $1.905 billion. $424 million of ]]></description>
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