Since all the media in town is busy panicking over a hurricane that is supposed to land more than 1,000 miles from here, no one has bothered to update the TXU sale situation. Which is that it is getting increasingly dicey.
Says an analyst quoted in the International Herald Tribune: ""If there’s a general pessimistic feeling about large private-equity deals, this one gets the most attention in that vein."
In other words, unless something happens to sweeten the pot between now and Sept. 7, when shareholders meet to approve the deal, there’s a good chance TXU will remain a public company. Note to Legislature: This doesn’t get you off the hook.
