The ACCC stated that it shall not oppose the proposal of Lumibird to acquire the lasers and ultrasound business of Ellex Medical Lasers Limited (ASX:ELX).
Lumibird and Ellex provide ophthalmic lasers and ultrasound equipment in Australia and around the world.
ACCC said that customer feedback and some other industry participants indicated that this deal would not have any substantial impact on competition.
Post announcement share price of ELX soared by 16.415% and quoted at AUD 0.617 at AEST 12:27 PM on 11 June 2020.
Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.
Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.
Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.
Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.