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Biotech / Medical : Coherent (COHR) : Anyone else holding? -- Ignore unavailable to you. Want to Upgrade?

To: Steve Wood who wrote (652)	12/9/1998 2:51:00 PM
From: Moray	Read Replies (1) \| Respond to of 788

Dec. 8, 1998, Coherent Inc. (Nasdaq:COHR - news) reported that it signed a definitive agreement with Palomar Medical Technologies Inc. (Nasdaq:PMTI -news) to acquire PMTI's majority owned subsidiary, Star Medical Technologies, Inc., for $65 million in cash. The consummation of the sale, which is subject to the approval of PMTI's stockholders, and other standard closing conditions and certain regulatory approvals, is expected to occur in February 1999. Star, based in Pleasanton, California, is the only company with FDA approval for a diode based hair removal product.