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DewDiligence

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DewDiligence

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Re: DewDiligence post# 155693

Monday, 03/18/2013 1:04:58 PM

Monday, March 18, 2013 1:04:58 PM

Post# of 257262
CYNO acquires PMTI for $13.65/sh in cash and stock:

http://finance.yahoo.com/news/cynosure-signs-definitive-agreement-acquire-112300267.html

Both companies are in the aesthetic-medicine-device business. The nominal deal price is $294M. The nominal premium relative to PMTI’s closing price on 3/15/13 is only 8%, but PMTI ran up 5% Friday on high volume, so there could have been some news leakage.

“The efficient-market hypothesis may be
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