May 5, 2000 |
Visx Inc., the No. 1 maker of lasers used to correct vision, said it will take a charge of about 12 cents a share against second-quarter earnings to settle antitrust and patent infringement lawsuits. The company said it paid about $12 million to settle antitrust claims made by eye-surgery and laser companies and a Texas physician who challenged the merits of one of Visx's patents. Shares of Visx have fallen 71% in the last year. The shares closed off 94 cents at $16.81 on Nasdaq.
April 24, 2001 |
Visx Inc., the biggest maker of lasers used to correct vision, asked financier Carl Icahn to present details of his $1.84-billion buyout proposal to its board. Icahn, who has a 9.9% stake and is trying to oust the board and sell the Santa Clara company, on Friday offered $32 a share, a 54% premium to the shares' closing price the day before the proposal.
July 29, 2000 |
Visx Inc., a maker of lasers used to correct vision, said longtime corporate raider Carl Icahn has filed to acquire up to 15% of its shares. Visx, based in Santa Clara, Calif., also said its board has adopted a stockholder rights plan. The rights go into effect only if a person or group acquires ownership of 10% or more of the company's common stock or commences a tender or exchange offer.
June 5, 1999 |
Visx Inc. won an unexpected legal victory as a Federal Trade Commission judge in Washington dismissed a government complaint accusing the largest U.S. maker of vision-correction lasers of patent fraud. The news helped push Visx shares to an all-time high. Visx rose $17.13 to close at $71.88, after hitting a record $72.56 earlier in the day. The shares also benefited from news that the company would be included in the Nasdaq 100 index. Administrative Law Judge Stuart A.
July 12, 2002 |
Visx Inc., the biggest maker of lasers used to correct vision, reported a quarterly profit slightly below expectations and said earnings for the rest of the year will miss forecasts. The firm earned $5.92 million, or 11 cents a share, in the second quarter, compared with a loss of $10.7 million, or 19 cents, a year earlier, helped by cost-cutting. Analysts on average were expecting a profit of 12 cents. In the year-ago quarter, Visx had a cost of $37.
April 21, 2001 |
Seasoned takeover specialist Carl Icahn offered to purchase Visx Inc. in a cash deal valued at about $1.9 billion, raising the stakes in his fight to force the laser-eye-correction equipment maker into a merger. Icahn said in a letter to the company that he would be "willing to engage in a cash merger with Visx" at $32 a share, a 54% premium to Thursday's closing price.