viewLuvu Brands, Inc.

Liberator Medical to be acquired for $181mln

C. R. Bard aims to enhance its presence in the home care market.

The deal will add $70mln to Bard's top line and be slightly accretive to non-GAAP EPS in 2016.

Liberator Medical Holdings (NYSEMKT:LBMH) surged in premarket trading after the direct-to-consumer provider of medical supplies agreed to be bought by C. R. Bard (NYSE:BCR) for $181mln.

Shares of Stuart, Florida-based Liberator jumped as much as 25% as of 8:22 a.m. in New York. The stock had closed up 7.2% to $2.68 on Friday. Shares of C.R. Bard closed down 1.8% at $181.96 on Thursday.

With the aim of enhancing its presence in the home care market, C. R. Bard will acquire Liberator for $3.35 per share,  according to a statement released on Friday.

Liberator sells general medical supplies including urological catheters, ostomy products, mastectomy fashions, diabetic supplies and a modest amount of Bard's products.

The deal will add $70mln to Bard's top line and be slightly accretive to non-GAAP EPS in 2016.

Starting in 2017, the acquisition will add between $0.05 and $0.10 to non-GAAP cash EPS.

The transaction is expected to close in the first quarter of 2016.

JMP Securities LLC served as exclusive financial advisor to Liberator.

Quick facts: Luvu Brands, Inc.

Price: 0.03 USD

Market: OTCQB
Market Cap: $2.2 m

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