Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

KKR-Led Group to Buy TXU for $45 Billion

Citigroup names Crittenden CFO; Dow Chemical reportedly to become LBO target; plus more stocks in the news Monday

TXU (TXU) Inks a deal under which an investor group led by KKR and Texas Pacific Group will acquire TXU in a deal valued at $45 billion, or $69.25 per TXU share.

Citigroup (C) Names Gary Crittenden as Chief Financial Officer.

Dow Chemical (DOW) London's Sunday Express reported that Dow is to become the target of the world's largest leveraged buyout in the next few weeks; says the offer of up to $54 billion is expected to come from a consortium that is likely to include KKR, Blackstone, and the Carlyle Group.

Lyondell Chemical (LYO) Agrees to sell its worldwide inorganic chemicals business to Nation Titanium Dioxide Co. LTD (Cristal) in a deal valued at about $1.2 billion, including the assumption of certain liabilities directly related to the business.

Navistar (NAVZ) Says it is suspending production of its Power Stroke diesel engine that it builds for Ford Motor (F) because Ford has stopped honoring the terms of agreement under which the engines were built.

XM Satellite Radio (XMSR) Posts $69.8 million fourth quarter EBITDA loss vs. $172.9 million loss on a 45% revenue rise.

Marvel Entertainment (MVL) Posts $0.14 vs. $0.26 fourth quarter EPS on a 27% revenue drop. Revises $1.35 to $1.55 2007 earnings per share (EPS) guidance to $1.30 to $1.55, based on expectation for a higher full-year effective tax rate.

Keane (KEA) Receives an inquiry from the Securities and Exchange Commission requesting documents related to the company's stock option grants and stock option practices.

Shire (SHPGY) and its collaborative partner New River Pharmaceuticals announce FDA marketing approval for Vyvanse, for the treatment of Attention Deficit Hyperactivity Disorder.

Lam Research (LRCX) Sets a $750 million stock buyback.

Station Casinos (STN) Agrees to be acquired by Fertitta Colony Partners in an $8.8 billion deal, at $90 cash per Station Casinos share.

Smith & Wollensky (SWRG) Agrees to be acquired by Patina Restaurant Group LLC for $9.25 per share cash.

blog comments powered by Disqus