MINNETONKA, Minn. (AFX) - Medical device maker American Medical Systems Holdings Inc. said Wednesday it moved closer to completing its $715 million buyout of San Jose, Calif-based Laserscope.
The company announced the buyout of the medical laser systems maker on June 5. On June 30, the required antitrust waiting period expired, satisfying a closing condition of the deal. The law requires companies to file notice of a merger or acquisition in advance with the Federal Trade Commission.
The deal does not yet have a closing date.
Shares of American Medical fell a penny to close at $16.82, and Laserscope gained 1 cent to close at $30.87 on the Nasdaq.
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