Laserscope tender offer

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Jesse - 03 Jul 2006 20:59 GMT

Laserscope is buying back 90% of its stock in a tender offer. Does
anyone know what's going on 1) with the company; Has it been sold? Is
it doing well/poorly? What does this mean?
2) does this connect positively or negatively with PVP?

Jesse

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Stocks06 - 03 Jul 2006 21:37 GMT

> Laserscope is buying back 90% of its stock in a tender offer. Does
> anyone know what's going on 1) with the company; Has it been sold? Is
> it doing well/poorly? What does this mean?
> 2) does this connect positively or negatively with PVP?
>
> Jesse

The company is being sold to American Medical Systems for $31.00 per
share.
Since American Medical is a larger company, I expect them to be able to
market Laserscope's bph treatment to the public much better than
Laserscope did.
Laserscope recently announced improvements to the Greenlight system
which should
make it even better.

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Chris Savas - 03 Jul 2006 23:34 GMT

What if I don't want to sell my share?? Will I get a new share in the new
company's name?

Chris

>The company is being sold to American Medical Systems for $31.00 per
>share.
[quoted text clipped - 4 lines]
>which should
>make it even better.

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Rich256 - 04 Jul 2006 02:32 GMT

From what I read here you are stuck with the cash deal. That means you
will have to pay a capital gains this year. That is about 15% of the gain.

If it is held by a broker the payoff will be automatic.

http://www.laserscope.com/investors/pressreleases.html#

I think there is also the possibility that the deal might not go
through. So far it is just a Tender Offer.

http://biz.yahoo.com/ap/060629/american_medical_systems_mover.html?.v=1

So it looks like if you want to stay in you will have to buy American
Medical (AMMD). It has not been all that spectacular.

> What if I don't want to sell my share?? Will I get a new share in the new
> company's name?
[quoted text clipped - 8 lines]
>> which should
>> make it even better.

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Stocks06 - 04 Jul 2006 14:21 GMT

Since the stock is trading very close to the offer price of $31.00, the
market thinks the deal will go through. The price is very good. I
would be very happy with this deal. LSCP was not doing a very good job
of marketing this treatment.

> From what I read here you are stuck with the cash deal. That means you
> will have to pay a capital gains this year. That is about 15% of the gain.
[quoted text clipped - 23 lines]
> >> which should
> >> make it even better.

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Rich256 - 04 Jul 2006 16:38 GMT

Most likely it will go. The American Medical stockholders don't care
for it. News is that they think the price is too high. I expect they
still have to vote on it. So the question is to sell now and pay the
commission or to wait and hope it goes. If dealing through a low cost
on line broker I might be tempted to sell now.

> Since the stock is trading very close to the offer price of $31.00, the
> market thinks the deal will go through. The price is very good. I
[quoted text clipped - 28 lines]
>>>> which should
>>>> make it even better.

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Rich256 - 04 Jul 2006 17:09 GMT

I was wondering where the referenced 90% tender came from.

http://biz.yahoo.com/e/060605/ammd8-k.html

<quote>
Consummation of the Offer is conditioned upon the tender of at least 90%
(the "Minimum Condition") of Laserscope's "fully diluted shares" (as
defined in the Merger Agreement). If the Minimum Condition is satisfied,
AMS can complete the Merger as a short-form merger under applicable
state corporate law.
<quote>

> Most likely it will go. The American Medical stockholders don't care
> for it. News is that they think the price is too high. I expect they
[quoted text clipped - 37 lines]
>>>>> which should
>>>>> make it even better.

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