Concerned Shareholders Respond to Biovail



    New Shareholder Letters Mailed for a Better Biovail

    TORONTO, June 9 /CNW/ - Eugene Melnyk and EM Holdings B.V., who recently
issued a proxy circular proposing a new slate to the board of Biovail
Corporation, have mailed a letter responding to statements made by certain
members of Biovail's Board and management and reviewing the benefits of a new
Board and management team led by Bruce Brydon.
    In addition, Eugene Melnyk today published an open letter to shareholders
to, among other things, reiterate that he is retired and not coming back to
join Biovail's board or management.
    Both letters can be found on the front page of www.betterbiovail.com
    http://www.betterbiovail.com





For further information:

For further information: Media contacts: Canadian Media, Duncan Fulton,
(416) 645-3655, Duncan.fulton@fleishman.ca; United States Media, Mike Sitrick,
(310) 788-2850,  mike_sitrick@sitrick.com; Shareholders: In Canada and other
countries: Kingsdale Shareholder Services Inc., 1-800-775-1986; In the United
States: Innisfree M&A Incorporated, 1-877-717-3929

Organization Profile

EUGENE MELNYK

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890