TLCVision sells 800,000 shares, reduces OccuLogix ownership to 49%

By Elaine Rigoli

Tampa, Fla., April 11 - TLC Vision Corp. has reduced its ownership in OccuLogix, Inc. to 49% after selling 800,000 shares of stock Tuesday on the Toronto Stock Exchange.

The company now has approximately 20.7 million shares.

"Our principal short-term goal was to stop consolidating OccuLogix's financial results and with today's sale that goal has been achieved," president and chief executive officer Jim Wachtman said in a news release.

Based in St. Louis, TLCVision is an eye-care services company providing eye doctors with the tools and technologies necessary for patient care.

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