Power Group Online Article |  | |
TXU Corp. announced that its shareholders have approved the merger agreement with Texas Energy Future Holdings Limited Partnership.
More than 340 million shares, or over 74 percent of the 461 million total outstanding shares of TXU Corp. common stock, were voted in favor of the adoption of the merger agreement. Approval required a vote of two-thirds of the outstanding shares. Of the shares voted on the merger, over 95 percent voted in favor of it.
The merger, which requires approval by the Nuclear Regulatory Commission and completion of other customary closing conditions, is expected to close in the fourth quarter of 2007.
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