Helionetics, Heirs of Major Stockholder Agree to Deal

Helionetics Inc. said Monday that it has reached an agreement with the heirs of a major stockholder that prohibits their selling the bulk of his $8-million stake in the company for at least two years. George de B. Bell, who died last year, owned 20% of Helionetics’ 10.5 million shares of common stock. He had stipulated in his will that his heirs not sell his shares in the electronics company, the company said. Under the agreement with Bell’s estate, 198,000 shares can be sold within two years, as well as enough shares to pay taxes. Separately, the company reported that it will pay $500,000 in six installments to complete the buyout of AccuLase Corp., a San Diego medical laser device company.