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SEC To Probe Trades Before TXU Buyout

Law360 (February 27, 2007, 12:00 AM EST) -- The high volume trading that occurred just before the $32 billion leveraged buyout of energy company TXU by private equity firms Kohlberg Kravis Roberts & Co. and Texas Pacific Group has prompted U.S. regulators to launch an investigation.

The U.S. Securities and Exchange Commission will take a closer look at trades made in the days before the companies finalized the leveraged buyout deal, the Times of London reported.

A jump in the number of call options trades just before the news of the buyout leaked to...
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