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T-X-U Sale

By: KLST News
Updated: September 7, 2007
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One of the largest private buyouts -- ever -- at 32-billion dollars -- has been approved by T-X-U corporation. T-X-U is the largest power supplier in Texas. Board members approved todays sale -- in spite of the protests outside the building in Dallas. Investors, led by a private equity firm and Texas pacific group are the new owners. State regulators must still approve the sale.

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