What were the proration percentages for ERH’s previous tender offers?
Per the press release issued at close of business on January 27, 2005, the proration percentage was 11.163% for the first tender offer. Per the press release issued at close of business on April 22, 2005, the proration percentage was 7.492% for the second tender offer. Per the press release issued at the close of business on July 26, 2005, the proration percentage was 11.766% for the third tender offer. What did this actually mean to the shareholder?