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 >>