Trickle's buy of MDZ looks timely because MDZ is also buying MDZ stock:
>>TORONTO, June 19 /PRNewswire/ - MDS Inc. (``MDS'' or the ``Corporation'') (TSE: MDS - news; NYSE: MDZ - news) announced today it has filed a Notice of Intention to Make a Normal Course Issuer Bid to purchase up to 6,000,000 Common Shares from time to time during the next 12 months, if deemed appropriate by its Chief Executive Officer and Chief Financial Officer of the Corporation. This will replace a Normal Course Issuer Bid, which will expire on June 20, 2001 and under which, purchases totalled 139,500 Common Shares at an Average Price of $20.3259.
There are presently 139,714,870 Common Shares issued and outstanding. Under the new Bid, MDS may, through the facilities of the Toronto Stock Exchange, purchase up to a maximum of 6,000,000 Common Shares, being less than 5% of the issued and outstanding Common Shares, for cancellation. To the best of its knowledge and belief, after reasonable enquiry, no director, senior officer, associate of a director or senior officer of the Corporation, person acting jointly or in concert with the Corporation or person holding 10% or more of MDS Common Shares intends to dispose of shares under this normal course issuer bid.
The Corporation has determined that any purchase by MDS of its outstanding shares is an economically worthwhile investment based on the underlying values and earnings of MDS.
Purchases may begin June 21, 2001 and will end no later than June 20, 2002.<<
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Cheers, Tuck |
