Medicis Provides Notice to All Holders of Convertible Notes Due 2032 of Their Put Option

SCOTTSDALE, Ariz., June 12, 2007 (PRIME NEWSWIRE) -- Medicis (NYSE:MRX) announced today that holders of the Company's 2.5% Contingent Convertible Notes due 2032 (the "Securities") have the right to surrender their Securities for purchase by Medicis pursuant to the terms of the indenture for the Securities (the "Option"). The Option expires on July 11, 2007.
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