Sunday, 23 November 2014
Last updated 1 day ago
Feb 26 2007 | 12:41pm ET
It’s the largest leveraged buy-out in history, but it’s also reportedly a boon to the environment. A private equity consortium led by Kohlberg Kravis Roberts and Texas Pacific Group is paying $31.8 billion for TXU Corp., a major Texas power company, but if TXU is to be believed, this is not the second coming of Danny DeVito in Other People’s Money.
The newly-private TXU is to be split into three independently-operated business, one each for generation, transmission and distribution, and retail. But the company will also slash energy prices by a tenth and reduce the number of new coal-fueled plants planned to three from 11, a move that got the deal endorsed by the Environmental Defense Fund and Natural Resources Defense Council.
What’s more, World Wildlife Fund Chairman Emeritus William Reilly, also a former administrator of the Environmental Protection Agency, is to join TXU’s board.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...