fw : hanover hey , look at this ! we will now terminate the derivatives as the shares were sold .
wes
- - - - - original message - - - - -
from : loehr , chris
sent : wednesday , may 02 , 2001 2 : 27 pm
to : colwell , wes
cc : cook , mary ; martha _ stuart @ dc . kirkland . com ; kopper , michael ; yaeger , anne
subject : hanover
wes ,
i spoke with ljm ' s counsel regarding the hanover derivatives , and we are in agreement with enron ' s view regarding the settlement of the swap and the collar . that is , the put can be exercised for intrinsic , not extrinsic , value in the interim before maturity . sorry it took so long to resolve this matter .
chris loehr
x 33092