Coast Dental Responds to Great Expressions.Business Editors/Health/Medical Writers TAMPA, Fla.--(BUSINESS WIRE)--March 14, 2003 Coast Dental Services, Inc. (Nasdaq:CDEN CDEN Canadian Design Engineering Network ): - Reiterates That Company is Not for Sale - Notes Unwillingness of Great Expressions to Acquire 48% Interest Held by Public Shareholders Coast Dental Services, Inc. (Nasdaq:CDEN), stated today that the Special Committee of its Board of Directors received clarification Clarification The removal of small amounts of fine, particulate solids from liquids. The purpose is almost invariably to improve the quality of the liquid, and the removed solids often are discarded. from Great Expressions Dental Centers, Inc. ("Great Expressions") that Great Expressions is not interested in purchasing the shares held by Coast Dental's public shareholders which constitutes approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 48% of Coast Dental's outstanding shares and is the subject of Coast Dental's current self tender offer. The Special Committee again reiterated to Great Expressions previously disclosed information that the majority shareholders owning 52% of Coast Dental were not interested in selling their shares and consequently the entire Company is not for sale. The Special Committee informed Great Expressions that the lack of clarity in Great Expressions' press release might confuse con·fuse v. con·fused, con·fus·ing, con·fus·es v.tr. 1. a. To cause to be unable to think with clarity or act with intelligence or understanding; throw off. b. shareholders into believing that the entire company is for sale and that Great Expressions has a financing commitment in place. The Special Committee also reiterated once again to Great Expressions that it was willing to enter into discussion regarding any interest that Great Expressions might have in the 48% interest held by the public shareholders should Great Expressions change its mind. Coast Dental currently has a self tender offer for the 48% minority held public float at the cash offer price of $4.50 per share that will expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. at 5:00 p.m., Eastern time on April 1, 2003, unless extended by Coast Dental. Copies of the Schedule TO containing the Offer to Purchase, Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. and other documents filed by Coast Dental with the Securities and Exchange Commission can be obtained through the Commission's website at http://www.sec.gov See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. at no charge. |
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