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TLC announces stock buy-back

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ST. LOUIS — TLC Vision Corp. said it will buy back close to 2 million shares of its common stock, pending regulatory approval. Once the Toronto Stock Exchange has granted approval, the company plans to buy back stock over the course of time from both the Canadian and U.S. stock markets, the company announced in a press release. TLC plans to pay market price for the buy-backs.

TLC recently sold 2.4 million shares of OccuLogix stock when that company announced its initial public offering pricing.

In other TLC news, the company has become a majority shareholder in a Texas ambulatory surgery center through one of its subsidiaries. This marks the fifth ASC the company has acquired in the past 16 months, according to a press release.