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Strategies & Market Trends : IPPs and Merchant Energy Co.s -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (168)10/1/2002 1:02:53 AM
From: Mark Adams  Read Replies (1) | Respond to of 3358
 
re WMB_PI

Please read these messages.

messages.yahoo.com

messages.yahoo.com

There were others, but I didn't save the links as I hadn't yet understood the FelinePacs.

It took me several hours to get my head around how these are priced. Basically it works out to the interest they would owe you plus the price of one WMB share. As one poster put it, they basically give you your own money back. Then give you one share of WMB in 2005, and keep the prefunded $25.

WMB investor relations has a PDF file that explains it.

williams.com
williams.com