Thursday, April 05, 2007

Large TLC Vision (TLCV) Holder Glenhill Advisors Discloses Discussions With Senior Executives

In an amended 13D filing after the close on TLC Vision Corporation (Nasdaq: TLCV), 13.9% holder Glenhill Advisors noted they recently engaged in consensual discussions with certain senior executives and members of the Board of Directors of the Company. Glenhill said these discussions related generally to the Company's current operating strategy, historical financial performance and management composition.

In the original March 13D filing, Glenhill disclosed a letter to the Chairman of the Board of Directors of the Company expressing, among other things, concern regarding the performance of the Company.
In the March letter the firm said, "We are concerned that TLC Vision is currently underperforming in a variety of respects and that if it continues on its current course, TLC Vision’s business and financial prospects may be significantly negatively impacted, and the availability of any viable strategic alternatives may be significantly limited, as a result."

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