NYSE, ALC - Alcon Inc
As of December 31, 2007, Assisted Living Concepts, Inc. (?ALC?) and its
subsidiaries operated 208 assisted living residences in 17 states in the United
States totaling 8,535 units. ALC?s residences typically range from 40 to 60
units and offer residents a supportive, home-like setting and assistance with
the activities of daily living. On January 1, 2008, ALC acquired the operations
of eight additional residences totaling 541 units.
ALC became an independent, publicly traded company, whose Class A Common
Stock is listed on the New York Stock Exchange, on November 10, 2006 (the
?Separation Date?) when it separated (the ?Separation?) from Extendicare Inc.
(?Extendicare?).
In connection with the Separation, holders of Extendicare Subordinate Voting
Shares received (i) one Extendicare Common Share and (ii) one share of Class A
Common Stock of ALC from Extendicare for each Extendicare Subordinate Voting
Share that they held as of the Separation Date. ...
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