LMA

LMA: the stock is up 45% today at $0.58. LMA entered into an agreement with Teleflex to sell its assets at $343.5m. If the sale is approved by sh/h, the Board intends to dissolve LMA and distribute the proceeds less certain costs to be borne by the Group. The co expects to have approx $360.6m in cash consisting of approx $343.5m from the sale of assets and approx $17.1m which the co will have already on hand. The liquidating distributions are estimated to be ~$0.62/sh, being more than 50% premium to yday’s closing price at $0.40. LMA manufactures the LMA laryngeal mask airway range of supraglottic airway devices and LMA atomization devices for pain free administration of medication.