Brokerages/Wall Street
Another debt investor says that potential buyers will be focused on the structure of TXU to make sure that the deal is not set up in ways that might dilute a debtholder's recourse to the underlying assets, should the company begin to flounder.
"The biggest risk is gonna be, Are there holes in the collateral package?" says this investor. "You can get paid for covenants," the investor adds. But with its straightforward business and its dominant position in the Texas electric market, TXU still should be a relatively easier sale for bankers than First Data.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
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DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
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-1.28%
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-1.43%
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-1.17%
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-6.12%
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Data delayed 20 minutes |
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