RE:What is happening with 1.2 million options ??The 1.2M is an over allotment. Since I'm hearing that it was well oversubscribed, I would expect it was already filled by institutions. However the confusing part is that in the US they don't do "bought Deals" so I assume investors comitment is not written in stone. Since the price is well below the 65.00 are investors able to walk away and buy on open market instead?
sashaBB wrote: Does this mean options can only be excercised in month of October, if closing date is Sept 30? Is it reasonable to expect then price higher than $65 USD for that time period?
In addition, the Company has granted the Underwriters an option (the "Underwriters' Option") to purchase an additional 1,200,000 common shares of Concordia at the Offering Price per additional common share, exercisable at any time, and from time to time, in whole or in part, up to 30 days from the closing of the Offering.
Read more at https://www.stockhouse.com/news/press-releases/2015/09/24/concordia-healthcare-announces-terms-of-us-520-million-public-offering-of#zmMyecyMTThV5V2t.99