Friday January 16, 4:13 pm Eastern Time
Premier offers to buy Ophthalmic
IRVINE, Calif., Jan. 16 (Reuters) - Premier Laser Systems
on Friday said it has proposed acquiring the remaining 2.7
million shares of Ophthalmic Imaging Systems Inc it does not
already own for $1.75 per share in a friendly transaction.
Under the proposal, Ophthalmic Imaging must modify its
shareholder rights plan to permit the transaction to proceed.
The all cash deal represents about a 30 percent premium to
Ophthalmic Imaging's current share price.
The offer will be withdrawn if it is not accepted by 2000
EST/1700 PST on Thursday, Jan. 22, Premier Laser said.
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