Shares of Meridian Biosciences(VIVO Quote) were among the best-performing health-related stocks Friday, rising 8% after the company priced 3.3 million shares of stock.
The company is selling 1.8 million shares while the family trust of William J. Motto, the company's chief executive, is selling the rest. Meridian will receive just under $30 million in net proceeds from the offering. Proceeds will be used for general corporate purposes. The stock sale is expected to close on Sept. 21. Shares were recently trading up $1.39 to $19.09.
Syneron Medical(ELOS Quote) rose 4% after the company said that American Laser Centers would purchase $6 million worth of Syneron equipment for use in its centers throughout the U.S. "ALC, with more than 100 physician-supervised locations in the U.S., evaluated the VelaSmooth, and decided to expand the activity of its clinics from hair removal and skin rejuvenation also to include cellulite treatment," Syneron said. Shares were trading up $1.63 to $39.10. ...
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