Article: TXU Corp. Withdraws Private Debt Offering.

TXU Corp. announced today that, despite strong demand, it has withdrawn its private offering of approximately $2 billion of senior notes due to a technicality related to the offering memorandum that was brought to the company's attention after the offering was launched. The issue involves when and how, in a private offering, audited financial statements for prior years should be updated to reflect subsequently sold operations as discontinued operations (such as TXU Gas and TXU Australia). TXU Corp. had anticipated making these updates in its annual report on Form 10-K for the year ended December 31, 2004. TXU Corp. may accelerate the preparation of these updates in a ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!