How TXU’s ‘bankrupt’ owners could still win

It isn’t just the fees the private owners extracted from the bankrupt energy company. In one scenario, some current owners could walk away with a kicker.

By Lauren Silva Laughlin

FORTUNE — Energy Future Holdings certainly doesn’t have the cleanest bankruptcy. The $ 44 billion buyout of the energy company (formerly TXU) filed for Chapter 11 Tuesday after languishing for several years under owners KKR (KKR) and TPG Capital. Though the MORE
Fortune Finance: Hedge Funds, Markets, Mergers & Acquisitions, Private Equity, Venture Capital, Wall Street, Washington

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