Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of Florida East Coast Industries, Inc.

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Florida East Coast Inds	NYSE:FLA	NYSE	Ordinary Share

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Florida East Coast Inds

NYSE:FLA

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Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of Florida East Coast Industries, Inc.

14/05/2007 6:13pm

PR Newswire (US)

Florida East Coast (NYSE:FLA)
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LITTLE ROCK, Ark., May 14 /PRNewswire/ -- Cauley Bowman Carney & Williams, PLLC has announced an update on a proposed acquisition: On May 8, 2007, Florida East Coast Industries, Inc. announced that it had entered into a definitive merger agreement with Fortress Investment Group, LLC. Under the terms of the agreement Florida East Coast Industries, Inc. shareholders will receive $62.50 per share in cash from Fortress and a special cash dividend of $21.50 for each share owned. This price per share represents just a 13% premium over the stock's closing price prior to announcement of the merger. If the proposed merger is completed, Florida East Coast Industries, Inc. will no longer be a publicly traded company. While Florida East Coast Industries, Inc. shareholders must approve this merger, the companies expect to complete this merger in the third quarter of 2007. Cauley Bowman Carney & Williams, PLLC Cauley Bowman is a national law firm that represents investors in securities fraud and corporate governance class actions. It is one of the country's premiere firms in the area of securities fraud having recovered billions of dollars for defrauded investors and secured significant corporate governance reforms. Cauley Bowman maintains in-house finance, forensic accounting specialists and extensive trial experience. If you are a current shareholder of Florida East Coast Industries, Inc. and would like to be advised of your rights in this matter, you may contact Cauley Bowman Carney & Williams, PLLC at the phone number below. CONTACT Darrin L. Williams, Esq. Randall K. Pulliam, Esq. Kristi Gray 501-312-8500 1-888-551-9944 DATASOURCE: Cauley Bowman Carney & Williams, PLLC CONTACT: Darrin L. Williams, Esq., or Randall K. Pulliam, Esq., or Kristi Gray, all of Cauley Bowman Carney & Williams, PLLC, +1-501-312-8500, 1-888-551-9944, Web site: http://www.cauleybowman.com/

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FLA Florida East Coast Inds