Today, The Bowser Report issued a daily mover alert on Liberator Medical Holdings (LMBH), which gained 10% or more today.
It is very evident why LBMH closed up almost $0.70 per share on huge volume: the company agreed to be bought out by C.R. Bard for $181 million, or $3.35 per share. Thus, the increase to just below that price ($3.34).
Of course, the buy out is still subject to shareholder approval, satisfaction of customary closing conditions and the receipt of regulatory approvals, but the deal is expected to close in the first quarter of 2016.
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