Message-ID: <23948190.1075862192195.JavaMail.evans@thyme> Date: Thu, 15 Nov 2001 06:05:08 -0800 (PST) From: michael.tribolet@enron.com To: underwriting.dl-rac@enron.com, rick.buy@enron.com, cheryl.lipshutz@enron.com, lisa.mellencamp@enron.com Subject: Exchange ratio and bond price Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Tribolet, Michael X-To: DL-RAC Underwriting , Buy, Rick , Lipshutz, Cheryl , Mellencamp, Lisa X-cc: X-bcc: X-Folder: \RBUY (Non-Privileged)\Buy, Rick\Inbox X-Origin: Buy-R X-FileName: RBUY (Non-Privileged).pst As we discussed yesterday, the exchange ratio adjusted price comparison is the key ratio to guage market merger appetite. I also included the ENE 6 5/8% 10/15/03 bond price to view the credit market's perception. I'll send it around from time to time. An excel file is attached. Regards, Michael