The US (& Worlds) largest merchant calcining company just received a competiting bid from Oxbow that is 12% premium over the Rain Commodities Feb 2007 offer. The Oxbow bid will expire at the end of next week and does not require Rain to sell its current 20% interest in GLC.
Regards
Charles E. Randall
Pace Global Energy Services
Project Manager
808 Travis Street Suite 1107
Houston, TX 77002
Direct: 713-315-5666
Mobile: 281-813-2669
Fax: 713-222-7520
Email: randallc@paceglobal.com
