In Brief: Palomar Medical Technologies
This article was originally published in The Gray Sheet
Executive Summary
Palomar Medical Technologies: Sale for $10 mil. of the firm's non-medical electronics subsidiaries to a management group led by officials of its Dynaco unit is intended to focus the company on its core laser-based hair removal business, Palomar says. Divestiture of Comtel Electronics, Dynamem and Indra Technologies is effective immediately; sale of Dynaco Corp. will occur no later than June 30, 1998...