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Strategies & Market Trends : Guidance and Visibility

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To: 2MAR$ who started this subject	9/4/2002 4:25:59 PM
From: Joe Stocks	Read Replies (2) of 208838

Mirant Warns Shareholders of Tender Offer Risks ATLANTA, Sept. 4 /PRNewswire-FirstCall/ -- Mirant (NYSE: MIR) has become aware of a mini-tender offer for Mirant's common stock. The offer is being made by Main Street AC, Inc. to purchase up to 4.9 percent of Mirant's shares at $4.97 per share. In response to the requirements of federal securities laws, and desiring to protect its shareholders, Mirant recommends that its shareholders not tender their shares to Main Street AC. It is important for shareholders to note that once their Mirant stock has been tendered, Main Street AC has the right to extend its offer indefinitely. This has the effect of binding the shareholder to sell the tendered stock to Main Street AC and gives Main Street AC the unconditional right to buy the tendered shares indefinitely. Main Street AC is under no obligation to return the Mirant stock to the tendering shareholder.

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