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XIO Group takes out Lumenis for $510M

Jun. 18, 2015 8:17 AM ETLumenis Ltd. (LMNS) StockBy: Douglas W. House, SA News Editor
  • Private equity firm XIO Group acquires Israeli aesthetic, ophthalmology and surgical medical device maker Lumenis (NASDAQ:LMNS) for $510M or $14 per share in cash. The transaction is expected to close in September.
  • Shares are up 13% premarket on light volume.

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