Securities Law Prof Blog

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

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Monday, February 26, 2007

More on TXU LBO

KKR and Texas Pacific, who have offered $69.25 to acquire TXU Corp., the Texas utility, in what is the new "largest LBO" ever, have negotiated a cease-fire with environmental groups and have pledged that TXU will become more green,  including reducing the number of controversial coal plants from 11 to 3.  See NYTimes, A Buyout Deal That Has Many Shades of Green  and WSJ, Bidders Try to Pre-Empt Gridlock in TXU Deal .  The NYTmes also profiles Henry Kravis in a separate story; see For TXU, One of the Street’s Fabled Barbarians Is Back in the Hunt

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