Maxim Group Downgrades Lumenis (LMNS) to Hold
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June 19, 2015 6:54 AM EDT
Credit Suisse downgraded Lumenis (NASDAQ: LMNS) from Outperform to Underperform with a price target of $14.00 following takeover offer.
The firm views a higher bid as unlikely to emerge.
For an analyst ratings summary and ratings history on Lumenis... More
June 19, 2015 6:43 AM EDT
Jefferies downgraded Lumenis (NASDAQ: LMNS) from Buy to Hold with a price target of $14.00 (from $16.00) following the takeover by XIO for $510mn or $14 a share.
Analyst Raj Denhoy said the likelihood of a higher offer is low.
For an analyst ratings... More
June 18, 2015 8:09 AM EDT
Wells Fargo downgraded Lumenis (NASDAQ: LMNS) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Lumenis click here. For more ratings news on Lumenis click here.
Shares of Lumenis closed at $12.08 yesterday.
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June 18, 2015 6:05 AM EDT
Lumenis (NASDAQ: LMNS) 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 transform... More
