DALLAS — TXU Corp. said Monday it probably would break into three separate companies if it can't complete a $32 billion sale to private investors.
Advertisement
The company said regulatory and legislative challenges could force it to separate its power-generation, distribution and electricity-retailing divisions.
TXU made the comments in a regulatory filing as it launched a road show designed to convince key shareholders to support the sale of the power company to investors led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group.
Shareholders are scheduled to vote on the offer Sept. 7, with two-thirds support needed for approval.
The Associated Press
Thank you for joining our conversations on NewsOK.com. We encourage your discussions but ask that you stay within the bounds of our terms and conditions. Please help us by reporting comments that violate these guidelines. To review our rules of engagement, go to Commenting and posting policy.
Editor's note: It is not our intent to offer comments on crime or fatality stories.
Leave a comment.
Log in below or sign up (it's free).
0
Thank you for joining our conversations on NewsOK.com. We encourage your discussions but ask that you stay within the bounds of our terms and conditions. Please help us by reporting comments that violate these guidelines. To review our rules of engagement, go to Commenting and posting policy.
Leave a comment. Log in below or sign up (it's free).Editor's note: It is not our intent to offer comments on crime or fatality stories.