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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The offer will be withdrawn if it is not accepted by 2000 EST/1700 PST on Thursday, Jan. 22, Premier Laser said.

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  • Opthalmic Systems Inc (Nasdaq:OISI - news)
  • Premier Laser Systems Inc (Nasdaq:PLSIA - news)
Related News Categories: health, medical/pharmaceutical
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