Collagen Aesthetics Confirms Receipt of Unsolicited Proposal.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BW HealthWire)--March 1, 1999--Collagen Aesthetics, 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 NM: CGEN CGEN Convective Sigmet Generation ) today confirmed that the Company has received an unsolicited proposal from Mentor Corporation (NASDAQ NM: MNTR) to acquire all the capital stock of Collagen Aesthetics. Gary Petersmeyer, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Collagen Aesthetics, stated that the Company and its Board of Directors are in the process of evaluating the offer with Collagen's financial advisor, Lehman Brothers, Inc., and with legal counsel. The Company will respond in a timely fashion when the appropriate review has been completed. About Collagen Aesthetics Collagen Aesthetics is maximizing the Company's worldwide aesthetic medicine franchise and nearly two decades of physician relationships with proprietary and in-licensed products. The Company's proprietary product line includes Zyderm(R) and Zyplast(R) collagen implants and Contigen(R) Bard collagen implant, while in-licensed products include Hylaform(R) viscoelastic Adj. 1. viscoelastic - having viscous as well as elastic properties natural philosophy, physics - the science of matter and energy and their interactions; "his favorite subject was physics" gel, SoftForm(R) facial implant, Refinity(tm) Medical Skin Solutions and the Coblation(tm) dermatologic surgery system. Collagen Aesthetics reported revenues of $22.7 million for is most recent quarter ended December 31, 1998, with net income of $2.3 million, or $0.27 per diluted share. Collagen Aesthetics' press releases can be accessed on the Internet at http://www.businesswire.com/cnn/cgen.htm. |
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