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Article: Enron Seeks Bankruptcy Alternatives, May Sue Local Rival over Failed Merger.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 30, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Laura Goldberg, Houston Chronicle Knight Ridder/Tribune Business News
Nov. 30--A day after Dynegy walked away from its deal to buy Enron Corp., Enron scrambled to find alternatives to a bankruptcy protection filing and worked to get its trading operation back on its feet while employees wondered how long they would have jobs.
Enron also may be preparing for a legal battle with Dynegy to fight Dynegy's termination of the merger deal and Dynegy's claim to Enron's Northern Natural Gas pipeline system.
A source close to the situation said Enron likely would sue over the merger termination.
Wednesday morning, Dynegy walked away from ...