Statement from MMCAP, the Company on whose behalf
MM Asset Management recently acquired 19% of Spectra7:
"Mergers and acquisitions between major corporations are perhaps the most significant occurrences that can take place in the world of finance. There are a number of investment strategies based solely around one of these events, such as merger arbitrage. While traditional portfolio managers view a merger in terms of the total, combined value after the deal takes place, merger arbitrage experts focus on the likelihood of the merger actually taking place."