March 11, 2019 / 6:01 PM / 2 months ago

BUZZ-Luxfer Holdings jumps after Neo deal terminated

** Shares of Luxfer Holdings PLC up ~11 pct after announcement late Sunday that agreement to acquire Neo Performance Materials terminated

** Companies mutually agreed to terminate the previously announced transaction, where Luxfer would have paid $612 million cash and stock for Neo

** LXFR on track for biggest one-day pct gain since Nov 1, last traded at $19.89. Session peak so far was $19.97, highest level since Feb 1

** NEO down ~ 38 pct, bottoming at record low C$9.86

** On Mon NEO reported Q4 EPS of $0.11, adj EPS of $0.19 and qtrly rev of $109.4 mln

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