Australia's Ellex Medical Lasers up, competition watchdog says Lumibird-Ellex deal not opposed

Lumibird SA

11/06/2020 04:22

** Medical equipment maker Ellex Medical Lasers Ltd  ELX.AX 
rises as much as 19.8% to A$0.635, its highest since March 9 
    ** The Australian Competition and Consumer Commission says
it will not oppose France-based technological devices co
Lumibird SA's  LBIRD.PA  acquisition of Ellex's lasers and
ultrasound business  urn:newsml:reuters.com:*:nASX6FPvRK
    ** On Dec. 24, Ellex said it had entered into an agreement
with Lumibird for the sale of its lasers and ultrasound business
for A$100 mln ($69.71 mln) urn:newsml:reuters.com:*:nL4N28Y0HT
    ** Ellex stock posts its biggest intraday pct gain since
March 24
    ** About 1.3 mln shares change hands, compared with the
30-day average of 125,200 shares 
    ** Stock last up 16% to A$0.615, but down 20.6% YTD 

($1 = 1.4345 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))