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Texas Lawmakers Do Little to Saddle TXU Deal
--- Wall Street Journal
After months of saber rattling, the Texas legislature balked at imposing conditions on the $32 billion buyout of utility TXU Corp. by private-equity investors, clearing the way for completion of the transaction.
The buyers'TPG, formerly Texas Pacific Group, and Kohlberg Kravis Roberts & Co., had been expected to face legislative action that could have made the deal less appealing. But the political will for that never materialized.
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