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Re: looznbux post# 432

Tuesday, 07/15/2008 4:12:47 PM

Tuesday, July 15, 2008 4:12:47 PM

Post# of 56273
Assuming the LNG business is valuable, the only reason McLaughlin would do this was to transfer the asset to a company (PNG) in which he owns a bigger stake. Can't believe the independent directors of EBOF would green light this without extensive disclosure/ fairness opinion etc. Clearly a related party deal.
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