Director's Circular Issued.Business Editors TORONTO--(BUSINESS WIRE)--Feb. 3, 2000 (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :VTC VTC - video teleconferencing .) Versent Corporation (TSE:VTC) today announced that its board of directors has issued a Directors' Circular in connection with the offer made January January: see month. 24, 2000 by Buckingham Technology Acquisition Group Inc. to purchase common shares of Versent at a price of $1.50 per share in cash. The Directors' Circular indicates that the directors of Versent are actively seeking opportunities to enhance shareholder value and require time to pursue potential alternatives. In the Circular, the board of directors advises holders of common shares of Versent not to tender their common shares under the offer, and not to complete any letter of transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. or other tender document, until further communication is received from the board. The board also advises that such further communication will be sent to shareholders on or before February 8, 2000. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has neither approved nor disapproved of the information contained herein. |
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