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.
Posted on 5 March 2007
After a lifetime on the East Coast and getting stuck in the Midwestern suburbs of Chicago and northern Michigan I'm finally on the West Coast in the always cool and never hot city of San Francisco. Japhet worked for various outdoor organizations before becoming a member of Howard Dean's webteam (a lowly online organizer) in Burlington, Vermont. Afterwards, he continued his election work with America Coming Together in Madison, Wisconsin where he helped increase voter turnout to the highest in state history. Now, coming back to this environmental and corporate ethics roots, Japhet is excited to put his skills to use for Rainforest Action Network.
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Written by Japhet
Topics: Finance