Maxim Group Downgrades Lumenis (LMNS) to Hold

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. LVS
7. SAP
8. CSX
9. LRCX
10. MRK

Go back to Maxim Group Downgrades Lumenis (LMNS) to Hold

Lumenis to be Acquired for Approximately $510 Million, $14.00 Per Share, in Cash

June 18, 2015 6:00 AM EDT

YOKNEAM, Israel, June 18, 2015 (GLOBE NEWSWIRE) -- Lumenis Ltd. (Nasdaq: LMNS), the world's largest energy-based medical company for surgical, ophthalmology and aesthetic applications, announced today that it has signed a definitive agreement to be acquired by XIO Group for $14.00 per share in cash, for an aggregate purchase price of approximately $510 million.

"This acquisition is a strong recognition and vote of confidence in Lumenis' achievements and its employees, and I am excited about the future prospects of Lumenis," said Tzipi Ozer-Armon, Chief Executive Officer. "Over the past 3 years we have managed to... More