UPDATE 2-TXU recommends merger approval; CEO may leave

(Reuters) - TXU in proxy materials filed with the U.S. Securities and
Exchange Commission defended the $69.25-per-share offer from a
group led by Kohlberg Kravis Roberts & Co [KKR.UL] and Texas
Pacific Group [TPG.UL].




The company said the price was a "meaningful" premium to
its stock price and that it would probably not have done better
without the deal, the largest leveraged buyout in history.


Read more at Reuters.com Bonds News

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