Main Street AC Inc., which has been attempting to acquire up to 4.9% of the outstanding common stock of Aquila Inc., Dynegy Inc., Mirant Corp. and Reliant Resources Inc. (RRI) since August, has extended its tender offer through midnight Oct. 15. As of last Friday, Main Street said it now holds 3.5 million shares of Dynegy; 2.2 million shares of Mirant; 1.2 million shares of RRI and 0.9 million shares of Aquila.

Aquila shareholders have been offered $5.45/share; each share on Monday was worth about $3.70. Dynegy shareholders are being offered $2.88/share; the shares were selling for 85 cents apiece Monday. Mirant stock could be sold for $4.97/share; each share was worth $1.63 Monday. Finally, RRI shareholders would be paid $7.32/share; on Monday, each share was worth about $1.59.

“All four related energy company offers remain open and are yet to reach their 4.9% maximum,” Main Street said in a statement. “Until the maximum is reached, any of the shares of these four companies held or purchased at any time up through and including Oct. 15th are eligible to be tendered. This includes those shares of Reliant Resources Inc. that were received as a dividend on Sept. 30, 2002, by the shareholders of CenterPoint Energy Inc., formerly known as Reliant Energy Inc.”

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