Wednesday, November 24, 2010


LMA: +7% at $0.30. The co. which designs, develops, markets and distributes medical equipment, such as its LMA branded supraglottic airway mgt devices, to undertake an Off-Market Equal Access Offer (OMEAO) of up to 10% of each sh/h stake at $0.36/sh (29% premium to last close at $0.2 . The buyback offer, which is open until 29 Dec ‘10, was endorsed by sh/h at an EGM in Oct. LMA will also declare an interim div of $0.01/sh for FY10 after the close of the OMEAO…

The shares purchased will be held in treasury; may be used for its employee share schemes, to finance M&A, as placements to new investors, or be cancelled.

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