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Visx To Pay Summit $35 Mil. In Dissolution of Pillar Point Partners

This article was originally published in The Gray Sheet

Executive Summary

Visx' $35 mil. payment to Summit Technology in the dissolution of the firms' Pillar Point Partners joint venture includes the cost of resolving ongoing lawsuits between the two companies, Visx says. A definitive settlement "to dissolve Pillar Point Partners and end all pending disputes and litigation between the two companies" was announced June 8 by the excimer laser vision correction competitors in identical releases.

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