1
EXHIBIT 2.2
[▇▇▇▇▇▇▇ INC. LETTERHEAD]
January 26, 1999
via mail and fax
▇▇▇-▇▇▇-▇▇▇▇
▇▇. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
President and
Chief Executive Officer
Greyhound Lines, Inc.
▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇
Dear ▇▇. ▇▇▇▇▇▇▇▇:
We refer to the Amended and Restated Agreement and Plan of Merger by
and among ▇▇▇▇▇▇▇ Inc., ▇▇▇▇▇▇▇ Transit Acquisition Corp. and Greyhound Lines,
Inc. dated as of November 5, 1998. ▇▇▇▇▇▇▇ Inc. hereby gives notice that it will
not elect to satisfy any of the Merger Consideration with its common shares as
provided in Section 1.6(b) of the Merger Agreement and irrevocably waives its
entitlement to make such an election.
Yours very truly,
▇▇▇▇▇▇▇ INC.
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
President and
Chief Executive officer
JRB/jm
cc: via fax ▇▇▇-▇▇▇-▇▇▇▇
▇▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Esq.
Jones, Day, ▇▇▇▇▇▇ & ▇▇▇▇▇