Wednesday, July 25, 2007

UPDATE 1-TXU recommends merger approval; CEO to leave

(Reuters) - TXU in proxy materials filed with the U.S. Securities and
Exchange Commission set Sept. 7 as the date for shareholders to
vote on the planned takeover, which was announced in February.




TXU agreed to be acquired by a group led by Kohlberg Kravis
Roberts & Co [KKR.UL] and Texas Pacific Group [TPG.UL] for
$69.25 per share in the largest leveraged buyout in history.


Read more at Reuters.com Mergers News

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