Restates

Enron Corp. and Dynegy Corp. remained mum on whether a merger deal was imminent late Thursday, but in the background, the investment community began digesting the possibility that the smaller Dynegy, which has stuck to a path of high-quality asset acquisition to accompany its modest trading arm, could sit at the same table money-wise with Enron, well known for shedding acquisitions as fast as it has amassed the largest trading and marketing business in the world. Now, however, Enron faces a credibility problem larger than its operations, and has begun to slowly dish out details of its complex financial operations before it sheds even more assets or is consumed by another company.