March 1, 2011 / 7:17 PM / 6 years ago

UPDATE 1-Icahn seeks two Dynegy board seats - filing

NEW YORK, March 1 (Reuters) - Billionaire activist investor Carl Icahn is in discussions with power company Dynegy Inc (DYN.N) about appointing two representatives to the company's board, according to a regulatory filing on Tuesday.

A $665 million deal to sell the company to Icahn fell through last month when the investor was unable to convince shareholders to agree to a $5.50 per share cash bid.

Dynegy's top management and board members announced their resignations last month, after failing to sell the company for the second time in a year. [ID:nN21241801]

Icahn remains Dynegy's largest shareholder, holding nearly 10 percent of the company's shares.

Reporting by Emily Chasan in New York; Editing by Richard Chang

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