Cynosure Inc (CYNO.OQ)
24 Feb 2017
* Hologic - upon termination of deal under specified circumstances Cynosure has agreed to pay co termination fee of about $57.7 million Source text - http://bit.ly/2kuOElN Further company coverage:
Hologic Inc said on Tuesday it would acquire medical aesthetics company Cynosure Inc for $1.65 billion as it looks to capitalize on an increase in medical procedures that are not traditionally reimbursed.
* Cynosure shares up 28 pct; Hologic down 3.6 pct (Adds analyst comments, details)
* Hologic to acquire Cynosure, leader in medical aesthetics systems and technologies, in all-cash tender offer that combines two complementary businesses
Feb 14 Hologic Inc said on Tuesday that it would acquire medical aesthetics company Cynosure Inc for $1.65 billion.
* Cynosure achieves record quarterly revenue of $122.1 million in the fourth quarter of 2016, up 19 percent year-over-year
* Cynosure Inc says on January 26, 2017, entered into an agreement to settle complaint filed by Arcare, Inc
* Cynosure receives CFDA clearance to market the Icon aesthetic system in China
* Cynosure promotes Doug Delaney to chief commercial officer Source text for Eikon: Further company coverage:
* Cynosure announces record third-quarter revenues; revenues increase 36 percent from prior year to $106.4 million