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Gold/Mining/Energy : Mirant Corporation (MIR)
MIR 25.14+2.0%3:08 PM EST
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To: RCMac who wrote (731)9/4/2002 4:53:06 PM
From: Oeconomicus  Read Replies (2) of 903
 
This makes it pretty clear:

Mirant Warns Shareholders of Tender Offer Risks
Wednesday September 4, 4:10 pm ET

ATLANTA, Sept. 4 /PRNewswire-FirstCall/ -- Mirant (NYSE: MIR - News) 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.

Before making a decision to accept or decline the mini-tender offer, shareholders are urged to consult their financial adviser. To learn more about the possible abusive practices of mini-tender offers, contact the Securities and Exchange Commission (SEC) at 202-942-7040 or visit the SEC Web site at www.sec.gov/investor/pubs/minitend.htm .

Visit us at www.mirant.com .
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