Laboratory Corporation of America-Registered Trademark- Holdings
358 South Main Street
Burlington, NC 27215
Telephone: 336-584-5171
FOR IMMEDIATE RELEASE
Contact: 336-436-4855 Shareholder Direct: 800-LAB-0401
Pamela Sherry www.labcorp.com
ROCHE HOLDINGS, INC. COMPLETES SALE OF
3.625 MILLION SHARES OF LABCORP-REGISTERED TRADEMARK- COMMON
STOCK
Burlington, NC, October 16, 2000 - Laboratory Corporation of America -
Registered Trademark- Holdings (NYSE: LH) (LabCorp-Registered
Trademark-) announced today that Roche Holdings, Inc. (Roche), a
subsidiary of Hoffmann-La Roche of Switzerland and the current owner of
44% of LabCorp's common stock, on October 13, 2000 sold 3,625,000 hares
of LabCorp in a SEC-registered public offering through underwriters led
by Credit Suisse First Boston.
The offering also included 150,000 shares sold by two LabCorp officers.
If the underwriters exercise the option to purchase an additional
75,000 shares from Roche to cover over-allotments, Roche's holding
would be reduced to approximately 32%.
LabCorp is a national clinical laboratory with annual revenues of $1.7
billion in 1999. Its clients include physicians, state and federal
overnment, managed care organizations, hospitals, clinics,
pharmaceutical and Fortune 1000 companies, and other clinical
laboratories.
###
2
