How Green Green-Lighted the TXU Deal

Environmental groups played a key role in the $45 billion private equity buyout of the highly profitable Texas utility. Is it a "milestone"?

When the directors of TXU Corp. (TXU) sat down the night of Feb. 25 to vote in favor of the $45 billion buyout offer from private equity firms Kohlberg Kravis Roberts, Texas Pacific Group and Goldman Sachs, a small group of environmentalists could rightly claim that they helped make the deal possible.

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