Possible Buyout of TXU Reported

According to recent news reports, a group led by the private equity firms Kohlberg Kravis Roberts & Company (KKR) and the Texas Pacific Group are working on a deal to purchase TXU Corporation, a deal worth an estimated $45 billion.

Selected sources - some require registration:

• KKR, Texas Pacific bidding for TXU in huge private buyout - Houston Chronicle
• At $45 Billion, New Contender for Top Buyout - New York Times
• Equity firms plan to offer up to $45 billion to take utility private - Dallas Morning News

TXU has been in the news recently with controversies over its proposed plan to build coal-fired generation plants.