, the kits range in price from around $75 for a red wine blend to close to $200 for high-end pinot noir grape juice from New Zealand.
is in advanced negotiations with a second shipper for 150,000 Dth/d of capacity on the line.
On this evidence, NFG
will be in danger of upstaging Blink 182 when they support them again at the SECC next month.
has $385 million of unused uncommitted lines of credit and sufficient availability on its commercial paper program, which is backed by a $300 million syndicated committed credit facility.
The full text of Vantage's letter to NFG
shareholders follows below: NEW MOUNTAIN VANTAGE ADVISERS, L.
consists of National Insurance Company (NIC) and National Group Insurance Company (NGIC), which operate through an intercompany reinsurance agreement.
The letter outlines Vantage's recommendations for building the value of NFG
for all shareholders.
31, 2009, a fully available $300 million commercial paper program backed by a syndicated committed credit facility, and $420 million of unused uncommitted lines of credit - as adequate enough to allow NFG
to operate without the need to access the capital markets other than for the likely refinancing of its $200 million of medium term notes that mature in November 2010 and its $150 million of medium term notes that mature in November 2011.
Vantage believes NFG
's petition is without merit and intends to continue to urge the NFG
board to fully investigate and respond to Vantage's recommendations to increase NFG
shareholder value, while preserving the reliability of NFG
's distribution assets.
Tickers featured: ATG, CNP, EGN, EP, EQT, KSE, LNG, NFG
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manages $321 billion in assets in its 92 mutual funds, with approximately 265,000 shareholder accounts.
We do not believe that NFG
can use the PaPUC's regulations to prevent shareholders from making their own determinations as to who will best serve as their representatives on NFG
's board of directors," said David DiDomenico, Managing Director of Vantage.