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Ophthalmic Imaging Rejects Premier Laser Proposal

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SACRAMENTO, Calif., June 25 -- In a unanimous vote, the Board of Directors of Ophthalmic Imaging Systems (OIS) rejected Premier Laser Systems, Inc.'s proposal to acquire the balance of approximately 49 percent of OIS shares not currently owned by Premier. Premier's non-binding proposal offered $0.85 worth of Premier Class A Common Stock for each outstanding share of OIS stock. The offer was contingent upon several factors, among them Premier's share value being at least $2.00 per share for the measurement period. Steven R. Verdooner, president of OIS, stated, We have been working closely...Read full article

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    Published: June 1999
    News & FeaturesLasers

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