Opto Circuits not to go ahead with European firm's acquisition plan

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New Delhi, Oct 7 (UNI) Opto Circuits India Ltd, a medical devices maker, today said it has dropped it plans to acquire a company in Europe as it was not economically ''justifiable.'' The Bangalore-based company was evaluating the acquisition of a private medical equipment maker in a deal worth over 100 million dollars.

''Although the target company had a synergy with us, the price demanded was not 'justifiable','' the company said in a statement.

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