Private equity firm Blackstone Group lost its $602 million bid to buy power producer Dynegy Inc. after failing to win shareholder support in the face of opposition from the two largest shareholders.

Dynegy said it planned to end the deal Tuesday and would look for other buyers, including the two shareholders — billionaire Carl Icahn and hedge fund Seneca Capital. Icahn has said he may bid for Dynegy if the Blackstone bid failed. Get the full story »