Greenhill & Co Actavis, Teva, Abbvie, GSK, etc. Those are a few names that Greenhill worked with on M&A matters, among other things. Don't you think Concordia hired them for a reason ? These guys, at Greenhill, make deals happen, and Concordia wouldn't hire them if they weren't seriously considering this.
Why is the company not giving in to all this stock volatility, short-termism, nonsense ? Because they know better. I'd rather have them working on the company, what they are actually paid for by us, the shareholders, than give in to all this market craziness. If they were, the company's G&A would explode, and we would hear whining about that, too.
If anything I don't blame MT for staying silent, I congratulate him on keeping his sight on the ball amidst all this bashing and people calling him a liar, a crook, and so forth. He's not alone in this silence. No other entity mentionned in the recent, relevant, news said a word. Blackstone, Greehill, Appolo, etc. For those saying he's paid too much, that's because you're only thinking in short-term performance of the stock price, which has nothing to do with the guy. He delivered on what he had to. Besides, I don't care. Eight million bucks is nothing compared to what Michael Pearson made ( 140 millions ). Look at the actual company numbers. They're good and private equity knows it.
There will be a deal.