(Reuters) - "The investment management subsidiaries
believe the offer price of $69.25 is significantly below TXU's
current actual value," Franklin said in a filing to the U.S.
Securities and Exchange Commission.
"Furthermore, the investment management subsidiaries
believe that had the KKR buyout offer not been undertaken, the
performance of TXU common stock from the announcement date of
the KKR buyout offer to today would have been in excess of the
actual level of performance realized by shareholders," it
said.
Read more at Reuters.com Mergers News
believe the offer price of $69.25 is significantly below TXU's
current actual value," Franklin said in a filing to the U.S.
Securities and Exchange Commission.
"Furthermore, the investment management subsidiaries
believe that had the KKR buyout offer not been undertaken, the
performance of TXU common stock from the announcement date of
the KKR buyout offer to today would have been in excess of the
actual level of performance realized by shareholders," it
said.
Read more at Reuters.com Mergers News
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