Main Street AC, Inc. Makes Tender Offer for 4.9% of Aquila, Dynegy, Mirant And Reliant Resources
Tuesday September 3, 10:07 am ET
SAN DIEGO, Sept. 3 /PRNewswire/ -- Main Street AC, Inc., a California corporation, has made offers to purchase for cash the common stock in the four following companies up to the amounts, but not to exceed 4.9% of the outstanding shares of any one company, and at the prices indicated: 8,830,290 Shares of Aquila, Inc. (NYSE: ILA - News) at $5.45 per Share Net, 13,349,070 Shares of Dynegy Inc. (NYSE: DYN - News) at $2.88 Per Share Net, 19,697,020 Shares of Mirant Corporation (NYSE: MIR - News) at $4.97 per Share Net, and 14,231,560 Shares of Reliant Resources, Inc. (NYSE: RRI - News)at $7.32 per Share Net. All offers represent a 25% Premium to the August 27, 2002, closing price and will be paid on a first delivered basis under the terms and subject to the conditions set forth in their respective offers to purchase, each dated August 28, 2002. Each of the Offers will expire at 12:00 Midnight, New York City time, on Friday, October 4, 2002, unless the Offers are individually extended.
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