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Biotech / Medical : Trickle Portfolio -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (1263)11/12/2002 6:57:08 PM
From: keokalani'nui  Respond to of 1784
 
MDS tells shareholders to reject "mini-tender"
Tuesday November 12, 5:17 pm ET

TORONTO, Nov 12 (Reuters) - Canadian health services firm MDS Inc. (Toronto:MDS.TO - News) urged its shareholders on Tuesday to reject a "mini-tender" from TRC Capital Corp. that is below MDS current share price.
TRC Capital, a private investment group, has offered to purchase up to 3 percent of MDS's shares at C$21.40 per share. MDS shares on the Toronto Exchange closed on Tuesday at C$22.33, up 3 Canadian cents.

TRC Capital routinely makes offers for stock at below-market prices. Mini-tenders avoid many disclosure and procedural requirements of regulators by offering to buy less than 5 percent of a firm's stock