(Reuters) - TXU agreed last month to be acquired by a group of private equity firms led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group for $32 billion.
Paul Hudson, chairman of the Texas Public Utility Commission , disclosed the existence of a thwarted bid for some TXU assets at a legislative hearing in Austin, citing two meetings and a phone call with officials from Sharyland Utilities, owner of an electric transmission company in South Texas.
Read more at Reuters.com Mergers News
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