Warren Buffett buys $2 billion in TXU junk bonds
Buffett purchased TXU securities for 95 cents on the dollar.
Tuesday, Dec. 4, 2007
TXU Buyout
Economics > Mergers & Acquisitions > TXU Buyout
TXU targets October 10th for closing of merger
Finally, there is power in the light at the end of the tunnel.
Saturday, Oct. 6, 2007
Trial date set for banker accused of insider trading in TXU buyout
The accused' lawyer is predicting a full acquittal.
Monday, Sept. 10, 2007
Groups oppose TXU buyout, want CEO’s $270 million buyout windfall to go to low income families
TXU has rebuffed the demands of the special interest groups.
Wednesday, Sept. 5, 2007
TXU advising employees to vote for the buyout
According to TXU, not voting is no different than voting against the buyout.
Friday, Aug. 17, 2007
Potential TXU buyer KKR Financial may be in financial trouble
This would be the first time in recorded history a corporation has bit off more than it could chew.
Thursday, Aug. 16, 2007
TXU CEO Wilder announces he’ll resign after pending merger
The merger will come up for a vote at the annual shareholder meeting on September 7.
Wednesday, July 25, 2007
TXU to cut rates by 15%
The deal also contains price protection through December 2008.
Wednesday, May 30, 2007
SEC identifies Pakistani banker in TXU insider trading case
Just another example of the SEC infringing on capitalism at its most efficient.
Saturday, May 12, 2007
TXU taking hefty pre-tax charge as condition for buyout
The utility company will report its 1st-quarter results on Wednesday.
Tuesday, May 8, 2007
Wall St. banker arrested for illegal profiteering on TXU buyout
He got the inside dope on top-level deal-making because his desk was near the company printer.
Friday, May 4, 2007
TXU proceeding with KKR/TPG merger after “Go-Shop” process ends
No superior bids were presented during the 50-day time period.
Wednesday, April 18, 2007
TXU suspends $8.7 billion joint venture with InfrastruX
The partnership was never finalized, and could have created complications for the proposed buyout.
Thursday, April 12, 2007
TXU in trouble again: report of legal threats against possible buyer
The shady backroom saga continues with allegations of legal threats against a buyer.
Wednesday, April 11, 2007
James Baker to discuss “A New TXU” in Dallas appearance
This guy always shows up at the weirdest times.
Monday, April 9, 2007
TXU still waiting for better offers in proposed buyout
TXU says the original bid is thus far the best.
Monday, April 2, 2007
TXU to cut rates by 6 percent
A further 4% reduction might be forthcoming, depending on the proposed buyout.
Wednesday, March 28, 2007
LBO ‘superstars’ try to keep TXU deal on track
A couple of leveraged-buyout superstars are doing their best to prevent the state legislature from hampering a deal. Wait, did you say superstars? Yes. All the hot parties. The hotel suites. As much senior subordinated debt as you could ever want in your life. It's unreal, man.
Thursday, March 22, 2007
Panel says TXU must open up its books to state regulators
"No one can earn a million dollars honestly," said William Jennings Bryan in another century.
Tuesday, March 20, 2007
SEC names one culprit in TXU insider trading scheme
Suspicious investors making millions in overseas options insider trading may have finally met their match.
Wednesday, March 14, 2007
Rep. Joe Barton wants answers on TXU buyout
The Arlington Republican joins in on the TXU dogpile.
Tuesday, March 13, 2007
Proposed TXU deal screws Texas for future energy
Sure, there's no coal plants but the high costs of renewable energy sources is leaving the state in a huge bind. Maybe we can all move to Alaska.
Thursday, March 8, 2007
KKR & Texas Pacific reaffirm TXU Electric delivery commitments
Potential buyers promise no new debt to fund the transaction, no basis for rates to increase, and no spin-offs.
Wednesday, March 7, 2007
TXU employees not expected to be named in SEC complaint
Insider trading hearing scheduled to start March 7.
Monday, March 5, 2007
TXU board member resigns to avoid appearance of conflict of interest
We mention this because at this point, we've taken to reporting every sneeze and sigh issued by the coal-burning, merger-making, SEC-busting TXU.
Saturday, March 3, 2007
SEC files insider trading suit against TXU
Stock options appear to have been purchased before the big buyout was announced.
Friday, March 2, 2007
TXU board to contact as many as 60 groups regarding a deal
Potential suitors are lining up to counter the billions offered by KKR and Texas Pacific.
Thursday, March 1, 2007
TXU deal is big and complex, reports media
Who knew!? Meanwhile, TXU reportedly plans to announce on Tuesday a 2006 profit of about $2.5 billion. It could *sniff* be the last *sniff* annual earnings statement as a public company.
Monday, Feb. 26, 2007
Potential TXU owners plan to give customers rate cut
TXU Corp and its proposed new owners have announced plans to give residential customers a 10% rate cut on their utility costs.
Monday, Feb. 26, 2007
TXU buyout: Unofficially official
End of that chart + $10 = Really happy shareholders. Mix in the end of the dirty coal plant debate, and this is pretty much all anyone will be talking about today. That and the Oscars. And Anna Nicole. Consider yourself duly prepared for the water cooler.
Sunday, Feb. 25, 2007
TXU to cancel plans to build 8 coal plants to help pave way for $44 billion buyout
TXU will go ahead with plans to build three coal-fired generators in Texas.
Saturday, Feb. 24, 2007
CNBC reports KKR, Texas Pacific are close to $40+ billion deal for TXU
Could be the largest leveraged buyout ever in the history of everything.
Friday, Feb. 23, 2007
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