Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, February 27, 2007

More on the TXU Buyout

The talk is all about the $45 Billion LBO of TXU Corp., the Texas utility, by KKR and Texas Pacific.  The New York Times focuses on the role of the investment banks.  Not only are they supplying $24 billion in debt financing, but another $1 billion as an "equity bridge."  See NY Times, Private Equity Buyout of TXU Is Enormous in Size and in Its Complexity.   The Wall St. Journal focuses on the likelihood of competing bids and the reaction in Texas. See WSJ, In TXU Deal, Texas Regulator
Has Few Levers to Pull

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