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Friday, July 07, 2006 9:37:37 PM
First, today's PR does disclose that there is a definitively affirmative response to a definitive offer, as it is a "move on the USD $2.25 per share offer."
Second, I don't believe that the $76.5 million is the 5-year commitment for the acquirer; no, I believe it is the revenue projections for the Libyan facility, and the $28 million due to Lyamec is compensation for that revenue.
Been_Burned_Before
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