Coast Dental Services Responds to Great Expressions Offer Seeking Clarification - Indicates Company Not for Sale.Business Editors TAMPA, Fla.--(BUSINESS WIRE)--March 10, 2003 Coast Dental Services, Inc. (Nasdaq:CDEN CDEN Canadian Design Engineering Network ), stated today that the Special Committee of its Board of Directors is seeking clarification from Great Expressions Dental Centers, Inc. ("Great Expressions") regarding the unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective conditional offer publicized pub·li·cize tr.v. pub·li·cized, pub·li·ciz·ing, pub·li·ciz·es To give publicity to. Adj. 1. publicized - made known; especially made widely known publicised today by Great Expressions. Great Expressions reported that it had offered to purchase 100% of Coast Dental for $6.00 per share. The Special Committee will reiterate re·it·er·ate tr.v. re·it·er·at·ed, re·it·er·at·ing, re·it·er·ates To say or do again or repeatedly. See Synonyms at repeat. re·it to Great Expressions the 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. Coast Dental currently has a self tender offer for the 48% minority held public float at the offer price of $4.50 per share. Coast made it clear that Great Expressions has not offered to acquire only the minority public float but the Special Committee is seeking clarification of whether there is such an interest by Great Expressions. 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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion