Thursday, March 22, 2007
LBO ‘superstars’ try to keep TXU deal on track
“It’s crazy how the tabloids can make up these stories. I’m not pregnant and I’m not planning to be pregnant anytime soon. I am too busy working on an ad hoc alliance between two corporations and three private equity arms."
Reports the AP: "Leveraged-buyout superstars Henry Kravis and David Bonderman made a personal appeal Tuesday to salvage their proposed $32 billion purchase of electric utility TXU Corp., and they clashed with lawmakers over the role of state regulators in approving the deal."
Indeed, the legislature is making sure this deal doesn't sail through too quickly.
But the greater question is how does one become a leveraged buyout superstar? The glamor associated with that title has got to be immeasurable. All the hot parties. The hotel suites. As much senior subordinated debt you could ever want in your life.
Posted by Blair
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