A Battle Intensifies Over the Fate of Energy Future Holdings
BY JULIE CRESWELL dealbook.nytimes.com
The biggest private equity buyout ever — the $45 billion deal for the Texas energy giant TXU in 2007 — has been steadily sliding toward becoming one of the biggest busts.
Yet even as bankruptcy is acknowledged as a possibility, the company’s private equity owners are trying to make sure they don’t walk away empty-handed.
The company, now called Energy Future Holdings, has completed a series of moves in recent months that analysts say could allow it to put only part of its business — …