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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by dannyd9on Sep 06, 2016 11:24am
61 Views
Post# 25210002

RE:RE:RE:Why haven't they deferred Cinven payout?

RE:RE:RE:Why haven't they deferred Cinven payout? Thanks vision; Upon checking sedar, the amount payable is based on targets being reached to end of sept 2016. That means it will likely be october before we hear anything. Secondly, the maximum payout is 220 million if all targets are reached. So yes, this is pretty significant because even though they said in last conference call that they have the ability to pay it, the total debt will climb again. For ivenstors we dont have a clue what those targets are, so everything is pure speculation at this point. Maybe the targets have been affected by the brexit or slower than anticipated sales. Do we even know if cinven is still a shareholder. I doubt they would take shares in lieu of, although that would be a great alternative.
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