Seeking Alpha

LCAV special stockholder meeting to approve merger on go for May 7

  • Attorneys representing the litigants opposing the proposed merger between LCA-Vision (LCAV -0.2%) and PhotoMedex (PHMD -0.5%) withdraw their motion for a preliminary injunction against the shareholder vote after LCAV makes additional disclosures about its selection of the Cain Brothers firm as its financial advisor and the negotiations of employment agreements between PHMD and four LCAV executives.
  • One disclosure states that the Cain Brothers' LCAV valuation range of $3.48 - $4.50 compares favorably to the $5.37 offer price.
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