re: Update - BidenLaptopEmails

SUBJECT:
re: Update
PRI: NORMAL
FROM:
W
wade@nextfuels.com
DATE:
2010-03-10 19:34:57
MSG_ID:
<RU1US1FINilPMkhUWltJMTU5NjE1NzYx@WadeRandlett>
RECIPIENTS:
TO:
E
Eric Schwerin <eschwerin@rosemontseneca.com>
CC:
H
hbiden@rosemontseneca.com
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<DIV>Makes sense. Not much we can do until they know who the other party is in the triangle negotiations...</DIV>
<DIV><BR>Best,<BR>/w <BR>-------------------------------<BR>Wade Randlett<BR>Co-founder</DIV>
<DIV>NextFuels, Inc.</DIV>
<DIV>381 Bush Street<BR>Suite 300<BR>San Francisco, CA 94104<BR>415-397-3767<BR>415-397-3768 fax<BR></DIV></FONT>
<DIV style="FONT-FAMILY: Segoe UI; FONT-SIZE: x-small">
<DIV>----------------------- <B>Original Message</B> -----------------------</DIV>
<DIV> </DIV>
<DIV><B>From:</B> Eric Schwerin <A href="mailto:eschwerin@rosemontseneca.com"><FONT color=#0000ff><eschwerin@rosemontseneca.com></FONT></A></DIV>
<DIV><B>To:</B> <A href="mailto:wade@nextfuels.com"><FONT color=#0000ff>wade@nextfuels.com</FONT></A></DIV>
<DIV><B>Cc:</B> <A href="mailto:hbiden@rosemontseneca.com"><FONT color=#0000ff>hbiden@rosemontseneca.com</FONT></A></DIV>
<DIV><B>Date:</B> Wed, 10 Mar 2010 14:24:12 -0500</DIV>
<DIV><B>Subject: <U>Update</U></B></DIV>
<DIV> </DIV></DIV>
<DIV class=Section1>
<P class=MsoNormal>Wade-</P>
<P class=MsoNormal> </P>
<P class=MsoNormal>The latest info we have heard is that the meeting on Monday didn’t really get them to any conclusion on the deal. There is a belief that Valero is still shopping around for a better deal, but the State officials involved believe it is still better than a 50/50 chance that Valero will sell to PBF (the Blackstone group) and that Valero will realize PBF is the best offer. The State would very much prefer that it is PBF. Just taking longer than they thought, which shouldn’t be surprising given most negotiations like this.</P>
<P class=MsoNormal> </P>
<P class=MsoNormal>We may get a little more info later this week. We’ll let you know when we hear more.</P>
<P class=MsoNormal> </P>
<P class=MsoNormal>Best,</P>
<P class=MsoNormal><BR>Eric</P>
<P class=MsoNormal> </P>
<P class=MsoNormal> </P>
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<P class=MsoNormal><SPAN style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 11pt"></SPAN> </P>
<P class=MsoNormal><SPAN style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 11pt">Eric D. Schwerin</SPAN></P>
<P class=MsoNormal><SPAN style="FONT-FAMILY: 'Times New Roman','serif'">Rosemont Seneca Partners, LLC</SPAN></P>
<P class=MsoNormal><SPAN style="FONT-FAMILY: 'Times New Roman','serif'">1010 Wisconsin Ave., NW</SPAN></P>
<P class=MsoNormal><SPAN style="FONT-FAMILY: 'Times New Roman','serif'">Suite 705</SPAN></P>
<P class=MsoNormal><SPAN style="FONT-FAMILY: 'Times New Roman','serif'">Washington, DC 20007</SPAN></P>
<P class=MsoNormal><SPAN style="FONT-FAMILY: 'Times New Roman','serif'">(202) 333-1880</SPAN></P>
<P class=MsoNormal><SPAN style="FONT-FAMILY: 'Times New Roman','serif'"><A href="eschwerin@obblaw.com">eschwerin@rosemontseneca.com</A></SPAN></P>
<P class=MsoNormal><B><SPAN style="FONT-FAMILY: Webdings; COLOR: #007f00; FONT-SIZE: 8.5pt">P</SPAN></B><B><SPAN style="COLOR: #007f00; FONT-SIZE: 9pt"> </SPAN></B><B><SPAN style="COLOR: #007f00; FONT-SIZE: 7.5pt">Consider the environment before printing this email.</SPAN></B><B><SPAN style="FONT-FAMILY: 'Times New Roman','serif'; COLOR: gray; FONT-SIZE: 12pt"></SPAN></B></P>
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