Assisted Living Mulls Naming Adviser

Assisted Living Concepts, Dallas, is considering the appointment of a financial adviser to assist it in "exploring various strategic alternatives," according to the company.As a result of this and other considerations, Assisted Living has postponed indefinitely the company's annual meeting that was slated for June 3. Bruce E. Toll, who owns 27.91% of the company's common stock, has notified Assisted Living that he is going to nominate Brian S. Dunn, Bryon J. Haney, Michael P. Markman, and Steven J. Silver to the board of directors at its annual meeting, the company has reported. In addition, Mr. Toll has given notice that he intends to vote for Leonard Tannenbaum, Steven Vick, and Mark Holliday, as well as the four persons he is nominating, at the annual meeting. "Our board is evaluating Mr. Toll's notice to the company, and no determination has been made as to whether the notice is in compliance with the company's bylaws and applicable law," Assisted Living said.