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Enron Mail |
Yesterday, EOTT submitted a non-binding bid for the stock of APL along with
our comments on the stock purchase agreement. Copies of both are attached for your review. The offer price has been removed from the letter. We haven't heard anything form the invesment bankers but did receive two faxes late last night. The first was the receipt of the disclosure schedules. The second was the waiver by Phillips of their ROFR on Seaway for the year 2000. This simplies the transaction immensely. I keep you informed of any news but wanted to extend my appreciation to everyone for their hard work during this process and the transition from Northern Border as a buyer to EOTT. thanks dwight
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