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cliffvb

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cliffvb

Re: MSGI post# 7923

Wednesday, 03/30/2005 12:20:48 PM

Wednesday, March 30, 2005 12:20:48 PM

Post# of 173781
GEXA buyout

Per the SEC filing, the buyout is in stock but it is based on the average price of FPL in the 10 days prior to closing. The lower that price is, the more shares of FPL each GEXA holder will recieve. A drop in the price of FPL from now to closing will not reduce its value to GEXA stockholders. Which still leaves me also wondering, why the big discount?
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