Alliqua Biomedical: Jumps on special dividend plan
03/01/2019 14:19
** Advanced wound care company's shares ALQA.O jump ~30
pct to $2.58, making them the 4th biggest gainer premarket
** Co intends to pay a special dividend in the range of
$1-$1.20 per share urn:newsml:reuters.com:*:nGNX526CnS
** Div to be paid after paying costs related to Alliqua's
deal to be bought out urn:newsml:reuters.com:*:nL4N1WS4Y8 and subsequent spin-off of
one of its units urn:newsml:reuters.com:*:nL4N1Y34RM
** "Our intent continues to be to return all of the unused
capital back to shareholders," Alliqua says
** Despite the two deals, ALQA closed up only 6.4 pct in
2018 and has slid ~62 pct from its 52-wk high in late Nov
through Wednesday's close
(Reporting by Savio D'Souza)
((RM:savio.dsouza.thomsonreuters.com@reuters.net))