Alcon's Tender Offer Endorsed by WaveLight AG's Executive Committee and Supervisory Board.HUENENBERG, Switzerland -- Alcon, Inc. (NYSE NYSE See: New York Stock Exchange : ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. ) announced today that the company received a joint recommendation issued by WaveLight AG's Executive Committee and Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. which states strong support for Alcon's tender offer and recommends that WaveLight's shareholders tender their shares to Alcon. In their recommendation, WaveLight's Executive Committee and Supervisory Board assess Alcon's increased offer price of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15, which offers a 50 percent premium over the initially announced offer price, as "very attractive". As previously announced, the tender offer acceptance period began on August 13 and will conclude on September 11, 2007. Alcon, which currently owns on a settled basis or has contractual commitments for more than 19 percent of WaveLight's shares, intends to acquire at least 75 percent of WaveLight's issued shares. For more information on the takeover offer, please visit our transaction homepage http://www.alconrefractiveacq.de or call our toll-free hotline 0800-5398222 (Germany). About Alcon (NYSE: ACL) Alcon, Inc. is the world's leading eye care company, with sales of approximately $4.9 billion in 2006. Alcon, which has been dedicated to the ophthalmic industry for 60 years, researches, develops, manufactures and markets pharmaceuticals, surgical equipment and devices, contact lens contact lens, thin plastic lens worn between the eye and eyelid that may be used instead of eyeglasses. Actors, models, and others wear them for appearance, and athletes use them for safety and convenience. care solutions and other vision care products that treat diseases, disorders and other conditions of the eye. Alcon's majority shareholder is Nestle, S.A., the world's largest food company. Legal Disclaimer: This press release is neither an offer to buy nor a request to submit an offer to sell shares in WaveLight AG. Caution Concerning Forward-Looking Statements. This press release may contain forward-looking statements within the meaning of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any forward- looking statements reflect the views of our management as of the date of this press release with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Except to the extent required under the federal securities laws and the rules and regulations promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. by the Securities and Exchange Commission, we undertake no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information or future events or circumstances or otherwise. |
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