Wednesday, April 18, 2007

TXU Gets No Offers Challenging $44 Billion Buyout Led by Kohlberg Kravis

(Bloomberg) -- TXU Corp., the largest power producer in Texas, received no rival bids ahead of the deadline to challenge the proposal from Kohlberg Kravis Roberts & Co. and TPG Inc. to buy the company for $44 billion.

The board had solicited interest from over 70 potential purchasers, Dallas-based TXU said today in a statement.


Read more at Bloomberg Energy News

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