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janice shell

05/30/06 8:40 PM

#7910 RE: h2omd0 #7907

1. Shareholders may be presented with a tender offer whereby they have the option to submit (or tender) a portion or all of their shares within a certain time frame and at a premium to the current market price. This premium compensates investors for tendering their shares rather than holding on to them.

Note the "have the option" part there...