Associate Veterinary Clinics (1981) Ltd.

November 15, 2006 18:58 ET

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

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2006) - Associate Veterinary Clinics (1981) Ltd. (the "Company") announced today that its offer dated September 19, 2006 as varied by the Notice of Extension and Variation dated October 24, 2006 and the Notice of Extension and Variation dated November 3, 2006 (collectively the "Offer") to acquire all the issued and outstanding Class "A" Shares and Class "B" Shares (the "CLV Shares") of Central Laboratory for Veterinarians Ltd. ("CLV") expired at 5:00 pm (Calgary Time) on November 14, and will not be further extended or varied.

As at the expiry of the Offer, the Company had not met its varied condition requiring 75% of the CLV Shares to be deposited under the Offer before the Company would take-up and pay for the CLV Shares so deposited. Consequently, the Company will not be taking up or paying for any of the CLV Shares which remained deposited under the Offer.

The Company further advises that it has instructed the Depositary to immediately return all CLV Shares remaining deposited under the Offer to CLV Shareholders.


Contact Information

  • Associate Veterinary Clinics (1981) Ltd.
    David Farran
    Executive Director
    (403) 520-2626 (Ext. 200)
    (403) 541-1528 (FAX)