"Our board believes this is a very favorable transaction for ourshareholders, customers and employees," Henriques said. "We willcontinue to work diligently to secure all the approvals needed forthe merger."
Among other business discussed during the call, Henriquesbriefly addressed the merger agreement recently struck by FECI, thelocally based owner of Flagler Development Group and Florida EastCoast Railway, LLC, and Fortress.
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