Date: Thu, 18 Dec 1997 18:08:28 GMT Server: Apache/1.2.4 Last-Modified: Wed, 15 Oct 1997 16:36:20 GMT ETag: "18f5fae-1671-3444f104" Content-Length: 5745 Accept-Ranges: bytes Connection: close Content-Type: text/html Vitalink Pharmacy Services, Inc. : 5/7/97 - Vitalink Pharmacy Services announces Filing of Schedule 14D-9 in response to a Tender Offer
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5/7/97 - Vitalink Pharmacy Services announces Filing of Schedule 14D-9 in response to a Tender Offer

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VITALINK PHARMACY SERVICES ANNOUNCES FILING OF SCHEDULE 14D-9 IN RESPONSE TO TENDER OFFER

Naperville, Illinois, May 7, 1997 -- Vitalink Pharmacy Services, Inc. (NYSE:VTK) announced today that it has filed a Schedule 14D-9 with the Securities and Exchange Commission relating to the tender offer by Manor Care, Inc. to purchase 1,500,000 shares of common stock, par value $.01, of Vitalink at a purchase price of $20.00 per share. Manor Care currently owns approximately 45% of the outstanding common stock of Vitalink and has designated one half of the directors of Vitalink. As a result of the existing and potential conflicts of interest that are more fully described in the Schedule 14D-9 on file with the SEC and sent to Vitalink stockholders, Vitalink does not express an opinion or make any recommendations as to whether Vitalink stockholders should tender their shares of common stock in response to the offer.

Vitalink now provides medications, consulting, infusion, and other ancillary services to approximately 172,000 institutional beds, as well as to home infusion patients. Services are dispensed by over 3,000 professionals and technicians operating from 56 institutional pharmacies and 4 regional infusion pharmacies.


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