Securities Law Prof Blog

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

Monday, April 9, 2007

Would-Be Buyers Critical of TXU

The $32 billion LBO of Texas utility TXU is not going smoothly, as the private equity firms KKR and TPG criticized the company for threatening to close power plants because of a dispute with Texas regulators.  TXU later apologized and said it didn't mean it.  See WSJ, TXU Threat To Shut Plants Angers Buyers.

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