CORPORATE BACKED TRUST CERTIFICATES, Kinder Morgan Debenture-Backed Series 2002-6 Trust 1,057,419 $10 Par Certificates CUSIP No.
March 14 2008 - 4:14PM
Marketwired
NEW YORK, NY for the above-referenced Trust formed pursuant to
the terms of the Standard Terms for Trust Agreements dated as of
January 16, 2001, as supplemented by a Series Supplement with
respect to the Kinder Morgan Debenture-Backed Series 2002-6 Trust
dated as of April 16, 2002 (collectively, as amended, the "Trust
Agreement"), by and between Lehman ABS Corporation as Depositor
(the "Depositor") and the Trustee. The assets of the Trust consist
solely of $11,000,000 principal amount 7.45% Senior Debentures due
March 1, 2098 CUSIP No. 482620AX9* (the "Underlying Securities")
issued by Kinder Morgan, Inc., now known as Knight Inc. (the
"Underlying Securities Issuer").
Knight Inc. launched a tender offer (the "Tender Offer") that
relates to the Underlying Securities. A tender of the Underlying
Securities would entail an exchange of such Underlying Securities
for a payment. Pursuant to terms of the Trust Agreement, the
Trustee is required to obtain the consent of 100% of the holders of
the Corporate Backed Trust Certificates, Kinder Morgan
Debenture-Backed Series 2002-6 Trust Class A-1 Certificates (the
"Trust Certificates") before it can participate in the Tender
Offer.
A request for instructions from the Certificateholders with
respect to the Tender Offer was disseminated by the Trustee in a
Notice dated February 28, 2008, along with a form of Written
Direction. Subsequently the Trustee received back notification from
certain of the Certificateholders that such Certificateholders
would not tender the Underlying Securities. As a result, the
Trustee shall not tender the Underlying Securities and the Kinder
Morgan Debenture-Backed Series 2002-6 Trust will continue to remain
outstanding in full force and effect.
This press release is being issued by U.S. Bank Trust National
Association as trustee of the Trust. For more information, please
contact David J. Kolibachuk of U.S. Bank Trust National Association
at 212-361-2459.
*U.S. Bank shall not be held responsible for the selection or
the use of the CUSIP number, nor is any representation made as to
its correctness indicated in this notice. It is included solely for
the convenience of the holders.
Contact: David J. Kolibachuk U.S. Bank Trust National
Association 212-361-2459
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