Mike, et.al., from BW:
BW0068 OCT 11,1996 10:35 PACIFIC 13:35 EASTERN
( BW)(SYNCOR-INTL-CORP)(SCOR) Syncor purchases 644,000 shares of
stock from former vice chairman
Business Editors
CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 11, 1996--Syncor
International Corp. (NASDAQ:SCOR) Friday announced that it purchased
644,000 shares of its stock in a private transaction with its former
vice chairman and chief executive officer, Gene R. McGrevin.
The shares were purchased at a price of $9.75. This stock will
be classified as ``treasury stock'' by the company.
Syncor International operates an expanding network of 121
domestic and nine international nuclear-pharmacy service centers.
The company compounds and dispenses patient-specific unit-dose
radiopharmaceutical prescriptions, as well as distributing bulk
radiopharmaceutical products, for use in diagnostic imaging and
provides a complete range of advanced pharmacy services.
Syncor services more than 7,000 customers and is the only
national pharmacy network of its kind that provides a combination of
diagnostic and information services to hospitals and alternate site
markets.
--30--DON/la* LES/la
CONTACT: Syncor International Corp., Chatsworth
Mike E. Mikity, 818/717-4610
Mary L. Meusborn, 818/717-4643 |
