Advertisement
 

Premier Laser Deal Done

ORANGE COUNTY BRIEFLY

October 02, 1997|(Dow Jones)

IRVINE — Premier Laser Systems Inc. said it has completed the acquisition of EyeSys Technologies Inc. for about $12 million of common stock and additional stock options.

Premier Laser said the purchase price rose $1.4 million over the previously announced amount because of recent licensing agreements that EyeSys' signed with Nidek Inc. and Marco Technologies Inc.

The company said it will write off about $9 million for its second quarter to adjust EyeSys' in-process research and development to fair market value. Premier Laser said it also recorded charges related to the closing of the acquisition, including the relocation of EyeSys' manufacturing and operational facilities and personnel to its Irvine headquarters.

Advertisement
Los Angeles Times Articles
|
|
|