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Enron Mail |
Hey, look at this! We will now terminate the derivatives as the shares were sold.
Wes -----Original Message----- From: Loehr, Chris Sent: Wednesday, May 02, 2001 2:27 PM To: Colwell, Wes Cc: Cook, Mary; martha_stuart@dc.kirkland.com; Kopper, Michael; Yaeger, Anne Subject: Hanover Wes, I spoke with LJM's counsel regarding the Hanover derivatives, and we are in agreement with Enron's view regarding the settlement of the swap and the collar. That is, the put can be exercised for intrinsic, not extrinsic, value in the interim before maturity. Sorry it took so long to resolve this matter. Chris Loehr x33092
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