| Title: | Energy Future Holdings, Corp. (M&A Insight Analysis) |
| Price: | $450.00 |
| Publication Date: | Aug 28, 2007 |
| Company: | Energy Future Holdings, Corp. |
| Report Type: | M&A Insight Analysis |
| Brief Excerpt: | ...TXU, although embroiled in an envir onmental controversy and f acing a hostile legislative session, was not a company in danger of destroying shareholder value at the time the boa rd contemplated the unsolicited offer from the financial sponsors. That said, the TXU board c ould have reasonably expected that its business model would continue to be weighed down by regulatory and legislative headaches, a nd its management team arguably was not in a position to quickly ameliorate these issues, as too many bridges had been burned. The sponsors, with their rolodexes filled with the powerful and connected, were able to adroitly navigate the legislative and environmental minefield surrounding TXU, removing some of the Wilder discount in the process To the extent that the current highly public ized credit crunch is short-term in nature, ... |
| Word Count: | 13790 |
| Length: | 33 Pages |
| Ticker: | TXU |
| Related Report(s): | - Energy Future Holdings, Corp. (Corporate Governance Quotient (CGQ)): $250.00
...Only one inside director and no affiliated outsiders serve on the board The nominating committee is comprised solely of independent outside directors The compensation committee is comprised solely of independent outside directors The company has a committee that oversees governance issues and the committee met in the past year The full board of directors is elected annually There are between nine and ## directors serving on the board Shareholders have cumulative voting rights in director elections The CEO serves on the boards of two or fewer other companies No former CEO of the company serves on the board The company has governance guidelines that have been publicly disclosed on company website The performance of the board is reviewed regularly Outside directors meet without the CEO present and the number of meetings of the outside directors is specified A board approved CEO succession plan is in place Board members have express authority to retain outside...
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