Nudge From Glenhill Advisors Prompts Action from TLC Vision (TLCV)
From 13D Tracker Glenhill Advisors activist target, TLC Vision (Nasdaq: TLCV), is 8.5% higher this morning after the company announced a modified "Dutch auction" tender offer to repurchase up to $125 million of its common stock at a price per…
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From 13D Tracker
Glenhill Advisors activist target, TLC Vision (Nasdaq: TLCV), is 8.5% higher this morning after the company announced a modified "Dutch auction" tender offer to repurchase up to $125 million of its common stock at a price per share not less than $5.75 and not greater than $6.25 (up to 30% of outstanding stock). The repurchase will be financed through a combination of cash-on-hand and borrowing.
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