Had one of them. Steve Bauer was a great CDN cyclist but usually a bridesmaid to Greg Lemond. He got a silver in the Olympics behind Lemond I believe? and wore yellow for awhile on one of Greg's TDF victories. He came out with his own line of bikes but was never as successful as Lemond.
Nothing special. Your basic old steel bike with downtube shifters. If it's in good condition - frame good with no rust and good paint, it's a good student deal.