Lumenis to be sold for $510 Million

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Lumenis to be sold for $510 Million

PostPosted by hopeful19 » Wed Aug 05, 2015 6:01 pm

Medical-device Maker Lumenis to Be Sold to Hong Kong's XIO for 510 Million

$14-a-share price is 16% premium over company's Nasdaq price on the eve of the announcement.

Dror Raich Jun 18, 2015 3:56 PM

Israel's Lumenis, which makes equipment for surgical, ophthalmology and aesthetic applications, said Thursday it was being sold to the Hong Kong investment company XIO Group for $510 million.
"There's almost no risk involved," says Stephen Fanning, CEO of Solta Medical, which owns Fraxel.

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