SEC comes knockin’
Looks like the TXU deal with KKR and Texas Pacific is going to the Feds. Apparently, the SEC is extremely suspect of possible insider trading leading up to the announcement of the deal and was granted an emergency order from a federal judge that froze over $5.4 million in investor assets. This could put serious brakes on a deal that otherwise was considered the top bid that TXU has been considering.
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