TXU Takeover Wins FTC Blessing

Law360, New York (July 18, 2007, 12:00 AM EDT) -- Private equity firms Kohlberg, Kravis & Roberts Co. and TPG Capital LLP have received the Federal Trade Commission's blessing of their plan to buy Texan electricity provider TXU Corp.

The FTC on Monday said it had terminated its review of the proposed $44 billion takeover early, as allowed under the Hart-Scott-Rodino Act.

The transaction, which has come under fire from several Texas state lawmakers and regulators who worry that it could pose threats to local markets, has yet to clear regulatory inquiries by the Federal Energy...
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