NORWALK, Conn., April 4, 2007 (PRIME NEWSWIRE) -- Pirate Capital LLC today released a presentation illustrating the shortcomings of the transaction between Great Plains and Aquila, Inc. Pirate Capital asserts that Aquila shares are worth substantially in excess of the merger consideration. The presentation can be viewed at www.badaquiladeal.com.
About Pirate Capital
Pirate Capital serves as the investment advisor to four event-driven hedge funds: Jolly Roger Fund LP, Jolly Roger Offshore Fund LTD, Jolly Roger Activist Fund LP and Jolly Roger Activist Fund LTD. Pirate Capital is registered with the Securities and Exchange Commission as an investment advisor under the Investment Advisers Act of 1940.