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To: vireya who wrote (141545)11/2/2010 9:17:27 AM
From: Paul Kern  Read Replies (3) | Respond to of 206321
 
William L. Transier, chairman, chief executive officer and president, said, "Endeavour continues to make progress on our growth plans and attract more attention in the marketplace. With this share consolidation, we expect to make our stock available to a broader range of investors and position the company's trading metrics more in-line with its peers. We have consistently had requests by institutions, with an interest in investing in Endeavour, to take this action. In addition, having fewer shares outstanding will reduce the fees associated with various share-based services for our investors, as well as the company."

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