TLC The Laser Center Inc. Announces Follow-on Public Offering
TORONTO/BETHESDA, MD. (May 12) BUSINESS WIRE -May 12, 1999--
(NASDAQ:LZRC) (TSE:LZR.) TLC The Laser Center Inc. (TSE:LZR;
Nasdaq:LZRC) announced today a follow-on offering of 4,000,000 shares
of its common stock at a price of US$43.00 per share. Of the 4,000,000
Common Shares offered, 2,600,000 Common Shares were sold by the Company
and 1,400,000 Common Shares were sold by certain selling shareholders
of the Company.
The offering was lead-managed by PaineWebber Incorporated with RBC
Dominion Securities Inc., Hambrecht & Quist LLC, Warburg Dillon Read
LLC and Pacific Growth Equities Inc. acting as co-managers.
TLC The Laser Center Inc. owns and manages eyecare centers throughout
North America and, together with its network of eyecare providers,
specializes in laser vision correction to correct common refractive
vision disorders.
Copies of the final prospectus relating to the offering may be
obtained by U.S. residents from PaineWebber Incorporated, 1000 Harbor
Boulevard, Weehawken, New Jersey, 07097, (201) 902-7337; RBC Dominion
Securities Corporation, Financial Square, 32 Old Slip, New York, New
York, 10006-1404, (212) 858-7000; Hambrecht & Quist LLC, One Bush
Street, San Francisco, California, 94104, (415) 439-3000; Warburg
Dillon Read LLC, 299 Park Avenue, New York, New York, 10171; and
Pacific Growth Equities Inc., 4 Maritime Plaza, San Francisco,
California, 94111.
Copies of the final prospectus relating to the offering may be
obtained by Canadian residents from RBC Dominion Securities Inc., Royal
Bank Plaza, Toronto, Ontario, M5J 2W7, (416) 842-7676.
Now we know where the bottom is, and why the stock rose like it did today. |
