TXU, Texas Energy merger closes

By Devika Patel

Knoxville, Tenn., Oct. 10 - TXU Corp. said it has completed its planned merger with Texas Energy Future Holdings LP.

TXU has now changed its name to Energy Future Holdings Corp. Shares of TXU common stock, which are listed on the New York Stock Exchange and the Chicago Stock Exchange, ceased trading at close of market Wednesday. Under the terms of the merger agreement, TXU shareholders are entitled to $69.25 in cash for each share of TXU common stock held.

Completion of the merger agreement marks TXU's final step in the transformation into a privately held company.

TXU is a Dallas-based energy holding company.

Texas Energy Future Holdings was formed by a group of investors led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group.

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