Wednesday, February 28, 2007
TXU gets new offer from Credit Suisse
The UK's Financial Times reports that Credit Suisse has offered a rival bid for TXU. You may read that story here, but you need to be a paying subscriber. If you are a cheapskate, you may read MSNBC.com, which posted the FT story for free.
Posted by Blair

Gary Cohen, says:
Hah! Exactly as I predicted. It's Barbarians At The Gate, Part II.
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Michael Davis, says:
My understanding was that the offer from KKR was approved, but that TXU was open to solicit other offers until sometime in April.
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Gary Cohen, says:
Yep. The TXU board really had little choice but to solicit other offers in order to meet its fiduciary duties to the TXU shareholders.
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Michael Anderson, says:
I can see it now, "Barbarians At The Gate II: This Time It's Electric!" Jonathan Pryce can even reprise his role as Henry Kravis (http://imdb.com/title/tt0106356/) Coming this fall from HBO Films...
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