York Capital Gains From Edison International; Buys Merchant Vessels

James Dinan's York Capital Management focuses on distressed assets and invests around special situations. York Capital would be getting a sure boost from the recent deal struck between NRG Energy Inc (NYSE:NRG) and Edison Mission Energy. Edison Mission is the fourth-largest long position of York Total Return Fund and takes up 1.8 percent of the fund's portfolio.

NRG Energy buys bankrupt Edison Mission

Edison Mission, the bankrupt unit of Edison International (NYSE:EIX), will have most of its assets taken over by NRG in a $2.64 billion deal, reports Bloomberg.  NRG Energy will be buying Edison's coal plants and...