File.ReadAllText(string) overload defaults to UTF8 encoding, in which a standalone byte with value 150 is invalid.
Specify the actual encoding of the file, for example:
var encoding = Encoding.GetEncoding(1252); string content = File.ReadAllText(fileName, encoding);
I used the Windows-1252 encoding, which has a dash at codepoint 150.
Edit: Notepad displays the file correctly because for non-Unicode files the Windows-1252 codepage is the default for western regional settings. So likely you can use also
Encoding.Default to get the correct result but keep in mind that
Encoding.Default can return different code pages with different regional settings.
CLICK HERE to find out more related problems solutions.