Cynosure (CYNO -5.6%) is lower today after announcing a 2.6M share secondary offering. El.En....

|By:, SA News Editor

Cynosure (CYNO -5.6%) is lower today after announcing a 2.6M share secondary offering. El.En. S.p.A. is also offering an additional 600K shares. The company intends to use the net proceeds of its portion of the sale to fund the potential acquisition of targeted products, technologies or businesses. It will not receive any proceeds from the sale of the shares by El.En. S.p.A.