section 708a amendment notice - acquistion, page-7

CLO would need to bid $5.60 minimum to add in some premium. The fact directors declined the options and stated on record they believe value will be realized above this level is positive. There is a lot going on, FGE acquiring is the main driver of this run up I think. CLO need to act quite soon, by taking over FGE and taking on some debt it could also help them deter would be buyers.