Fairness Opinion Presentation (2003)Full Document 

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Lexent Inc.


Summary of Analysis
                   
TRANSACTION VALUATION

Proposed transaction price
          $ 1.50  
Shares outstanding (a)
            42,690  
 
           
 
Equity value
          $ 64,036  
Plus net debt assumed
          $ (79,748 )
 
           
 
Total consideration
          $ (15,712 )
Premium to stock price
            64.8 %
 
Multiples
               
Total consideration/:

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