Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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From: richardred	11/9/2004 8:03:45 PM
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VISX big day tomorrow-Advanced Medical Optics to acquire Visx Tue Nov 9, 2004 05:51 PM ET LOS ANGELES, Nov 9 (Reuters) - Advanced Medical Optics Inc. a maker of ophthalmic surgical devices and eye care products, said on Tuesday it has struck a deal to buy VISX Inc. (EYE.N: Quote, Profile, Research) , a maker of laser vision correction systems, in a cash and stock deal valued at just under $1.3 billion. Advanced Medical (AVO.N: Quote, Profile, Research) said the acquisition brings together two complimentary businesses. It forecast cost savings of $10 million to $15 million in 2005, though it said the deal would be neutral to its 2005 pro forma earnings per share outlook. © Reuters 2004. All Rights Reserved.

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