ValueAct Capital Master Fund, L.P.

March 29, 2010 18:58 ET

ValueAct Capital Master Fund, L.P.: For Immediate Release

TORONTO, ONTARIO--(Marketwire - March 29, 2010) - ValueAct Capital Master Fund, L.P. ("ValueAct Capital") announced today that it has sold 4,050,000 common shares of MDS, Inc. (the "Company") in open market transactions on the New York Stock Exchange and the Toronto Stock Exchange. ValueAct Capital may pursue further dispositions with an objective of achieving an ownership position in the Company at a level below 20%, pro forma, for the Company's Substantial Issuer Bid ("SIB").

After the above sales, ValueAct Capital holds 13,051,400 common shares, representing approximately 10.8% of the total outstanding common shares of the Company. ValueAct Capital also tendered 3,000,000 common shares into the SIB. The percentage of the common shares that ValueAct Capital will hold following the SIB will depend on the number of common shares purchased by the Company. 

Contact Information

  • A report containing additional information in respect to the
    foregoing may be obtained by calling:
    ValueAct Capital Master Fund, L.P.
    Dorothea Kennedy
    (415) 249-1211