In a statement the group said that despite entering into confidentiality agreements with nine companies regarding TXU and its subsidiaries, none had submitted a formal proposal.
Under the merger agreement, TXU has the right to solicit other proposals through to 16 April, but the “go-shop” process being conducted by Lazard Freres has failed to find an alternative to KKR.
Related ArticlesTXU plans new nuclear TXU abandons new coal-fired capacity TXU names nuclear supplier TXU announces IGCC plans
