6 September 2007 — TXU Corp.’s pending buyout has been approved by the Federal Energy Regulatory Commission. FERC said it had completed its review of the merger between Dallas-based TXU and Texas Holdings, a buyout group led by Fort Worth-based TPG and New York-based Kohlberg Kravis Roberts & Co.
TPG and KKR have agreed to buy TXU, including its Oncor Electric Delivery business and TXU Wholesale, for about $32 billion, or $69.25 a share. Including debt assumption, the deal is worth $45 billion.
TXU shareholders will vote Friday on the deal.