The non-binding proposal also included a provision to extend the exercisability of the public warrants by two years that would otherwise expire in October 2011.

"The rule is the lock-up option precludes pooling that would trigger the exercisability of the option," Mr. Willens of Lehman Brothers said.

Forward-looking statements in this press release relate to, among other things, the following: the distribution, exercisability and trading of the Rights, the effects of the Rights Plan, the redemption of the Rights, the expiration of the Rights Plan, and any other statements that are not historical facts.