Could it really happen: Bidding war for TXU?

The media has been brimming with reports that The Blackstone Group and the Carlyle Group have moved closer to launching a bid for TXU. The hot rumor a while back was that each group was taking a look. Now it looks like they may team up. This of course sets the stage for a heavyweight battle of the stars. This would be every bit as big as Tiger vs. Phil. Would Blackstone and Carlyle, along with Hellman & Friedman, have a chance against Kohlberg Kravis Roberts, Texas Pacific Group and Goldman Sachs? It would be a lot of fun. It might also allay the fears of regulators, who have been very concerned about club deals. The word is that a bid might top $70, with Merrill Lynch, which is advising the group, kicking in some equity. A good old fashioned bidding war is exactly what the industry needs right now.

For more:
- here's a Financial Times article