Correction From Source: TLC Announces Take-Over Bid for all the Common Shares of BeaconEye.MISSISSAUGA, Ontario--(BUSINESS WIRE)--Jan. 9, 1998--TLC The Laser Center(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :LZR.)(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 :LZRCF) In the story released earlier today for TLC TLC total lung capacity; thin-layer chromatography. TLC abbr. 1. thin-layer chromatography 2. THE LASER CENTER INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . an error occurred in the fourth paragraph. The word "be" should have appeared in the second sentence. The correct and complete release follows. TLC The Laser Center Inc., the largest provider of laser vision correction in North America, announced today that it intends to make a take-over bid for all the issued and outstanding common shares of BeaconEye Inc. (TSE - BEY bey (bā), general title of respect used by Turkish peoples since ancient times. Originally given to tribal leaders, it was later used by the Ottomans to denote a provincial ruler. At first the Ottoman beys were appointed, but by the 18th cent. , WSE WSE Web Services Enhancements (Microsoft) WSE Warsaw Stock Exchange (Warsaw, Poland) WSE Symposium on Web Site Evolution (IEEE International Symposum) - BEY) at a price of 40 cents cash per common share. The bid is being made without the support of Beacon as negotiations with Beacon were unsuccessful. The bid will be subject to usual conditions, including the requirement that at least 90 percent of Beacon common shares are validly deposited under the bid and not withdrawn, and no material adverse change occurs in the business and affairs of Beacon. TLC has requested a list of Beacon shareholders and expects to mail a formal take-over bid circular to the common shareholders of Beacon as soon as possible after the shareholder list is received. The bid will be open for a period of approximately 21 days from the date that TLC mails the circular to the common shareholders of Beacon. TLC has retained RBC Dominion Securities
About TLC The Laser Center Inc. TLC is the largest provider of excimer laser A gas laser in which a very short electrical pulse excites a mixture containing a halogen such as fluorine and a rare gas such as argon or krypton. It produces a brief, intense pulse of ultraviolet light. vision correction in North America. TLC's core business strategy is providing laser eye surgery in partnership with its network of more than 6,000 affiliated doctors. TLC has an integrated approach in providing eye care, which includes secondary care facilities, managed care, buying groups and information technologies. TLC's common shares trade on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol 'LZR' and on the NASDAQ National Market under the symbol 'LZRCF'. Visit our web site at http://www.lzr.com About BeaconEye Inc. Beacon now operates 11 laser vision correction centers with locations in Toronto and Markham, Ontario; San Antonio, Austin,Dallas/Forth Worth, and Houston, Texas; Denver, Colorado; Fort Lauderdale and Tampa, Florida; Atlanta, Georgia; and Irvine, California. Forward Looking Statements This press release may contain forward-looking information within the meaning of Section 27A of the U.S. Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of TLC The Laser Center Inc. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. In particular, TLC's offer to purchase BeaconEye is subject to material conditions that may not be satisfied and the transaction,therefore,may not be consummated. Risk factors are listed from time to time in TLC's reports filed with the Toronto Stock Exchange and the U.S. Securities and Exchange Commission. TLC assumes no obligation to update information contained in this press release. CONTACT: TLC The Laser Center Inc., Mississauga Stephen Kilmer, 905/602-2020 ext. 235 1-800/TLC-1033 investor.relations@lzr.com |
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