Seeking Alpha

LCA Vision to be acquired by PhotoMedex for $5.37/share

  • LCA Vision (LCAV) agrees to be acquired by PhotoMedex (PHMD) for ~$106M, or $5.37/share, a 34% premium over LCAV's closing price yesterday.
  • PHMD expects the deal to be accretive to EPS in 2014, and says all 62 LasikPlus vision centers in the U.S. should remain intact.
  • LCAV +26.1% AH.
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