July 10 (Reuters) - Vision Eye Institute Ltd VEI.AX :
* Says take no action on pulse's inadequate and opportunistic offer
* Offer does not comprise any cash component, which indicates pulse's inability to fund cash bid
* The offer materially undervalues Vision and its future prospects"
* Says offer does not give sufficient detail regarding pulse's financial performance and position
* Further transparency is required on the part of Pulse to give Vision shareholders the opportunity to properly assess the merits of the offer"
* Source text for Eikon ID:nASXxjKPt