PhotoMedex to Acquire ProCyte
Dec 2, 2004 — MONTGOMERYVILLE, Penn., Dec. 2 -- PhotoMedex Inc., a provider of medical laser products and services, will acquire ProCyte Corp., a Redmond, Wash., maker of dermatology procedure products, in a stock-for-stock transaction valued at approximately $24.4 million, the companies announced Wednesday. Under the terms of the agreement, PhotoMedex will issue 0.6622 shares of its common stock in exchange for each outstanding share of ProCyte common stock. PhotoMedex expects to issue approximately 10.5...