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Enron Mail |
Here is what UBS posted on their internal web site on Fri...
My friend who works in UBS Warburg in NY, used to be at Paine Webber and went through the same acquisition process last year as we are now. He said that in their case, UBS ended up raising everyone's salaries to the level of all other UBS employees, and promoted a lot more people than PW would have. :) -----Original Message----- From: Solares, Jorge+ [mailto:jorge.solares@ubsw.com] Sent: Monday, January 14, 2002 10:02 AM To: Pehlivanova, Biliana Subject: RE: UBS WARBURG SELECTED AS SUCCESSFUL BIDDER FOR ENRON'S NORTH AMERICAN ELECTRICITY AND NATURAL GAS TRADING OPERATIONS New York, January 11, 2002 - UBS Warburg announced today that it has been selected by Enron and approved by its Creditors Committee as the successful bidder for Enron's North American wholesale electricity and natural gas trading business. The transaction is subject to Bankruptcy Court approval. "UBS Warburg is excited by the prospect of reestablishing this technology-based trading business," said John P. Costas, chief executive officer of UBS Warburg. "It will be a valuable extension of our worldwide trading activities, which are noted for providing market leadership and superb client service." Terms of the proposed transaction call for Enron to retain a residual interest in the income of the business. UBS Warburg will assume none of Enron's past, current or future liabilities or trading positions. UBS Warburg is the investment banking group of UBS AG (NYSE: UBS), one of the largest financial services firms in the world with 71,000 employees in more than 40 countries. UBS Warburg is a leader in equities, corporate finance, M&A advisory and financing, financial structuring, fixed income issuance and trading, foreign exchange, derivatives and risk management. -----Original Message----- From: Pehlivanova, Biliana [mailto:biliana.pehlivanova@ENRON.com] Sent: Monday, January 14, 2002 11:02 AM To: Solares, Jorge+ Subject: Hey :) ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ********************************************************************** Visit our website at http://www.ubswarburg.com This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission. If verification is required please request a hard-copy version. This message is provided for informational purposes and should not be construed as a solicitation or offer to buy or sell any securities or related financial instruments.
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