latest news releases from the newsroom
Penn's Landing Corporation
10th Annual Sippin' by the River at Penn's Landing Features Fine Wines and Beers, Gourmet Food, Tutored Tastings, and Live Entertainment
PHILADELPHIA, July 28, 2004 (PRIMEZONE) -- The tenth annual Sippin' by the River outdoor wine and beer festival will take place on Sunday, September 19, from 1 to 5 p.m., rain or shine, at Festival Pier at Penn's Landing, Columbus Boulevard at Spring Garden Street, in Philadelphia.
The Cooper Companies, Inc.
The Cooper Companies to Acquire Ocular Sciences
LAKE FOREST, Calif., and CONCORD, Calif., July 28, 2004 (PRIMEZONE) -- The Cooper Companies, Inc. (NYSE:COO) and Ocular Sciences, Inc., (Nasdaq:OCLR) announced today that they have signed a definitive agreement for Cooper to acquire Ocular Sciences, Inc. in a merger for stock and cash having a value of $44.00 per share of Ocular's common stock. This value is based on the average closing share price of Cooper's common stock over the ten trading days ended July 27, 2004 of $56.72. The total purchase price is approximately $1.2 billion, which represents a premium of about 17.7% to the July 27, 2004 closing price of Ocular. Cooper expects the acquisition to be accretive to its earnings per share, exclusive of nonrecurring charges for accounting and restructuring, beginning in fiscal 2005.