Associate Veterinary Clinics (1981) Ltd.

October 25, 2006 03:37 ET

Associate Veterinary Clinics '1981' Ltd. to Acquire Shares of Central Laboratory for Veterinarians Ltd.

CALGARY, ALBERTA--(CCNMatthews - Oct. 25, 2006) - Associate Veterinary Clinics (1981) Ltd. (the "Company") announced today that 940 Class "A" Shares and 940,030 Class "B" Shares representing approximately 87.0% of the issued and outstanding Shares of Central Laboratory for Veterinarians Ltd. ("CLV") have been deposited as of 12:01 a.m. (Vancouver time) Wednesday, October 25, 2006 pursuant to the offer by the Company dated September 19, 2006 (the "Offer") to acquire all the issued and outstanding Shares (the "CLV Shares") of CLV.

As a result, the Company has waived its requirement that 90% of the CLV Shares must be tendered into the Offer, and has given notice to the Depositary to take-up all of the CLV Shares deposited. Payment for the CLV Shares taken up will be mailed to the tendering CLV Shareholders shortly.

The Company also advises that it has extended its offer to increase the consideration to the shareholders from $10.49 per CLV Share to $12.03 per CLV Share (including those CLV Shares which have been taken up) and extended the bid to 11:59 p.m. (local time) on November 3, 2006 permitting any shareholder of CLV who may not have tendered their shares sufficient time to do so.

Contact Information

  • Associate Veterinary Clinics (1981) Ltd.
    David Farran
    Executive Director
    (403) 520-2626 ext. 21
    (403) 541-1528 (FAX)