ACCC Approves Lumibird-Ellex Acquisition, ELX Soars by ~16%

  • Jun 11, 2020 AEST
  • Team Kalkine

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.


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