RE: Exchange ratio and bond price

can you explain this to me? tx rick

-----Original Message-----
From: Tribolet, Michael
Sent: Thursday, November 15, 2001 8:05 AM
To: DL-RAC Underwriting; Buy, Rick; Lipshutz, Cheryl; Mellencamp, Lisa
Subject: Exchange ratio and bond price

As we discussed yesterday, the exchange ratio adjusted price comparison is the key ratio to guage market merger appetite. I also included the ENE 6 5/8% 10/15/03 bond price to view the credit market's perception.
I'll send it around from time to time. An excel file is attached.

Regards,

Michael

<< File: Enron-Dynegy.xls <<