Circon Shareholders Committee Nominates Two Candidates For Election at Circon Annual Meeting.NEW YORK--(BUSINESS WIRE)--Oct. 19, 1998--The Circon Shareholders Committee announced today that on Friday, October 16, it advised Circon Corp. (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 :CCON CCON Call Control ) that it intends to nominate two candidates for election to Circon's board at its upcoming annual meeting, scheduled for Nov. 24, 1998, in accordance with the company's advance notice by-law provision. The Committee is composed of Castlerigg Master Investments Ltd., which beneficially owns 575,996 shares of Circon common stock; Metropolitan Capital Advisors, Inc. and Metropolitan Capital III, which beneficially own 403,664 shares; and P. Schoenfeld Asset Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which beneficially owns 251,055 shares. The Committee's collective beneficial ownership of approximately 1,230,715 shares, represents about 9.2% of Circon's outstanding common stock. The Committee, which was formed for the purpose of immediately maximizing the value of Circon for the benefit of all shareholders, intends to nominate Jonathan R. Macey Jonathan R. Macey is Sam Harris Professor of Corporate Law, Corporate Finance and Securities Law at Yale Law School. Biography Professor Macey earned his B.A. (cum laude) from Harvard University in 1977, and his J.D. , a law professor at Cornell University and Alain Oberrotman, a management consultant and former principal in the private equity group of Odyssey Partners, a New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. investment firm. Oberrotman is a director of Eagle Food Centers, Inc. |
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