Stocks In Focus: PTEC, BSDM, IRIX
Wednesday, August 18, 2021 8:32 AM

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Phoenix Technologies Ltd. (NASDAQ: PTEC) on Wednesday announced that it has agreed to be acquired by affiliates of Marlin Equity Partners for $3.85 per share in cash, or approximately $139 million in total consideration. The purchase price represents a premium of approximately 27% over Phoenix's closing share price of $3.02 on August 17, 2010, the last trading day prior to the public announcement of Marlin's proposal to acquire Phoenix for $3.85 per share in cash, and a premium of approximately 25% over Phoenix's average closing share price for the 30 trading days ending on August 17, 2010.

BSD Medical Corporation (NASDAQ: BSDM) announced Wednesday that the U.S. Food and Drug Administration (FDA) has granted the Company a 510(k) clearance to market its MicroThermX Microwave Ablation System (MTX-180) for ablation of soft tissue. Clearance from the FDA of BSD's 510(k) Premarket Notification submission authorizes the commercial sale of the MTX-180 in the United States. The MTX-180 was designed to provide a higher power, optimized system targeted to the growing therapeutic interventional and surgical oncology market. Shares of the company soared more than 35% in pre-market trading.

Shares of IRIDEX Corporation (NASDAQ: IRIX) rallied more than 6% in pre-market trading after it announced the receipt of issuance of U.S. Patent No. 7,771,417, titled "Laser System with Short Pulse Characteristics And Its Method Of Use." This patent applies to the company's MicroPulse(TM) technology which provides the ophthalmologist with fine dose control of laser energy during eye surgery.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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