Today’s Big Gainers: CLZR, VVUS, HITK, MEDW
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Distributor: Market News Video
Found: Sep 9, 2009
Syneron Medical (ELOS) and Candela Corporation (CLZR) announced the two companies will merge in an all stock transaction, creating a large global medical aesthetic devices company with pro-forma annual revenue of 180 million dollars. Candela shareholders will receive approximately .29 shares of Syneron for each share of Candela owned, representing a premium to its recent stock price.
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