Lumenis Approves Shareholder Rights Plan
Yokneam, ISRAEL, April 8 -- Lumenis Ltd. has approved a shareholder rights plan for a one-year period."The board of directors determined the plan was a reasonable form of protection for shareholders during a period of an artificially low share price," said Yacha Sutton, CEO. He added that the plan does not prevent a fairly valued bid for the company.
Lumenis develops laser and light-based technologies for medical and aesthetic applications.
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