American Medical Systems Completes Cash Tender Offer for Shares of Laserscope.MINNEAPOLIS -- American Medical Systems Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMMD AMMD Aerodynamic Mass Median Diameter ), the global leader in providing pelvic health solutions to urologists and gynecologists, announced today that is has successfully completed its cash tender offer for shares of Laserscope (NASDAQ:LSCP LScP left scapuloposterior (position of fetus). ). The tender offer, which commenced on June 14, 2006, expired at 12:00 midnight, central time, on July 19, 2006. A total of 21,157,077 shares of Laserscope common stock were validly tendered and not withdrawn prior to the expiration of the offer (including 1,353,240 shares tendered pursuant to notices of guaranteed delivery), representing approximately 92.97% of the "fully diluted" shares of Laserscope, as defined in the parties' merger agreement. AMS AMS - Andrew Message System has closed its senior secured credit facility led by CIT Healthcare LLC, which will be used to fund a portion of the purchase of the Laserscope shares. Payment for these shares will be made promptly. Conference Call Information American Medical Systems will discuss the Laserscope acquisition as well as integration milestones and future financial projections when it hosts its second quarter earnings conference call at 5:00 p.m. eastern time on Thursday, July 27, 2006. Those without internet access may join the call from within the U.S. by dialing 800-886-7217 or outside the U.S. by dialing 706-679-3821. A live webcast of the call will be available through AMS' corporate website at www.AmericanMedicalSystems.com and available for replay three hours after the completion of the call. About American Medical Systems American Medical Systems, headquartered in Minnetonka, Minnesota is a diversified supplier of medical devices and procedures to cure erectile dysfunction, benign prostatic hyperplasia benign prostatic hyperplasia n. Abbr. BPH A nonmalignant enlargement of the prostate gland commonly occurring in men after the age of 50, and sometimes leading to compression of the urethra and obstruction of the flow of urine. , incontinence, menorrhagia menorrhagia /men·or·rha·gia/ (men?ah-ra´jah) hypermenorrhea. men·or·rha·gia n. See hypermenorrhea. , prolapse prolapse Protrusion of an internal organ out of its normal place, usually of the rectum or uterus outside the body when supporting muscles weaken. The membrane lining the rectum can push out through the anus, most often in old people with constipation who strain during and other pelvic disorders in men and women. These disorders can significantly diminish one's quality of life and profoundly affect social relationships. In recent years, the number of people seeking treatment has increased markedly as a result of longer lives, higher quality-of-life expectations and greater awareness of new treatment alternatives. American Medical Systems' products reduce or eliminate the incapacitating in·ca·pac·i·tate tr.v. in·ca·pac·i·tat·ed, in·ca·pac·i·tat·ing, in·ca·pac·i·tates 1. To deprive of strength or ability; disable. 2. To make legally ineligible; disqualify. effects of these diseases, often through minimally invasive therapies. AMS' products were used to provide approximately 170,000 patient cures in 56 countries during 2005. More information about AMS can be found on its website at www.AmericanMedicalSystems.com. About Laserscope Laserscope designs, manufactures, sells and services an advanced line of minimally invasive medical products worldwide including medical laser systems and related energy delivery devices for the office, outpatient surgical center and hospital markets. More information about Laserscope can be found on its website at www.Laserscope.com. |
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