XO Holdings, Inc. (XOHO - XO Communications) Message Board

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Technology Stocks : XO Holdings, Inc. (XOHO - XO Communications)

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To: FJB who wrote (523)	10/26/2009 12:17:13 PM
From: tech101	of 615

80 cent is a joke and shameless/insulting offer, again. The special committee will have to reject the offer right away or go to jail. Not much time – only two weeks - is left for the coming Q3 earning report. This is just a quick replay of Icahn’s strategy to raise the XO share price. IMHO. ************** investorvillage.com October 23, 2009 Robert Knauss Chairman Special Committee of the Board of Directors XO Holdings, Inc. 13865 Sunrise Valley Drive Herndon, VA 20171 Dear Bob: On September 28, 2009, the Special Committee of the Board of Directors of XO Holdings, Inc. ("XO") announced that it did not support the offer by ACF Industries Holding Corp. ("ACF Holding"), an entity wholly owned by Carl Icahn, the Chairman and holder of a majority of the outstanding shares of XO, to acquire all of the outstanding shares of XO's common stock which it does not own for $0.55 net per share in cash. ACF Holding hereby increases its offer to purchase such shares to an aggregate of $0.80 net per share in cash. This offer will expire at 6:00 pm (EST) on Monday, October 26, 2009. This letter shall not constitute a binding agreement between us and no agreement shall exist between us regarding the foregoing unless and until we enter into mutually satisfactory definitive agreements. Please do not hesitate to contact the undersigned at 212-702-4300 with any questions or comments. Very truly yours, ACF INDUSTRIES HOLDING CORP. By: /s/ Keith Cozza --------------- Name: Keith Cozza

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