TXU shareholders to vote Sept. 7 on plan to take company private

By Lisa Kerner

Charlotte, N.C., July 12 - TXU Corp. scheduled its 2007 annual meeting of shareholders for Sept. 7. Shareholders of record as of July 19 will be entitled to vote on the proposed acquisition of the company by Texas Energy Future Holdings LP, a holding company that includes Kohlberg Kravis Roberts & Co. and TPG.

Under the Feb. 26 merger agreement, the investor group will acquire TXU for $69.25 per share in a $45 billion deal to take the Dallas-based energy company private. As previously reported, a $375 million termination fee is included in the agreement, according to a company news release.

The meeting will also include the election of directors, the approval of the company's independent auditor and the consideration of two shareholder proposals, a company news release stated.

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