Maxim Group Downgrades Palomar Medical Technologies (PMTI) to Hold
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Analyst Bullish on Cynosure (CYNO) Acquisition of PMTI (PMTI)
March 18, 2013 11:32 AM EDTCynosure, Inc. (Nasdaq: CYNO) and Palomar Medical Technologies, Inc. (Nasdaq: PMTI) today announced that they have signed a definitive agreement, pursuant to which Cynosure will acquire Palomar in a cash and stock transaction valued at approximately $294 million.
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Cynosure (CYNO) to Acquire Palomar Medical (PMTI) for $13.65/Share
March 18, 2013 7:25 AM EDTCynosure, Inc. (Nasdaq: CYNO) and Palomar Medical Technologies, Inc. (Nasdaq: PMTI) today announced that they have signed a definitive agreement, pursuant to which Cynosure will acquire Palomar in a cash and stock transaction valued at approximately $294 million.
Palomar shareholders will receive $13.65 per share of Palomar common stock: $6.825 per share in cash and $6.825 per share in Cynosure common stock (subject to adjustment and collar provisions described in the definitive agreement). Cynosure will issue approximately 5.2 million shares in the transaction and fund the approximately $147 million in cash... More

