Saturday, October 27, 2007

The Good News Buried On The Back Page

Reader Liv Douglas sagely notes,One of the BIG stories of yesterday was the completion of the TXU LBO deal. I think the TXU deal was the biggest LBO deal EVER. While the media moaned over Merrill Lynch’s $8.5 billion writeoff, the TXU deal got done. In today’s Wall Street Journal (page C8) -- in the Credit Markets column -- the following was written:Big Sale of TXU Debt Is Success Despite RisksEnergy Future Holdings, formerly known as TXU Corp., made [...]

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[Source: The Money Blogs]

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