US

 

Texas lawmakers take no action on TXU-related laws (Reuters)
Filed: April 4th 2007: US

The TXU Monticello Steam Electric Station power plant near Mt. Pleasant, Texas February 26, 2007. Whether a group of private equity groups will pursue the $32 billion leveraged buyout of TXU Corp. will become clearer on Wednesday as the Texas House of Representatives debates bills that could alter the regulatory framework affecting the transaction. (Mike Stone/Reuters)Reuters - The Texas House of Representatives took
no action on Wednesday on a pair of bills that could affect the
proposed $32 billion leveraged buyout of TXU Corp. by a group
of private equity firms led by Kohlberg Kravis Roberts & Co.
and Texas Pacific Group.

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