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Concordia Healthcare Corp. T.CXR.R

Healthcare Biotechnology


TSX:CXR.R - Post by User

Concordia Healthcare Corp. > 2496544 ONTARIO LTD.
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Comment by heavyvolumeon Sep 25, 2016 10:22am
80 Views
Post# 25275252

RE:2496544 ONTARIO LTD.

RE:2496544 ONTARIO LTD.According to Capitolist on SeekingAlpha
"On March 31st, 2016 the "Marchs de valeurs et des instruments drivs" (page 468) posted that the CEO of Concordia International had transferred 100% of holdings into "2496544 ONTARIO LTD.""

Recap:

  1. March 14th, 2016 2496544 ONTARIO LTD. was registered in the Cayman Islands (previously in Canada)
  2. March 31st, 2016 the CEO of CXRX transferred 100% of his shares into2466544 ONTARIOLTD.
  3. April 21st, 2016 a rumor was released that Blackstone was considering a bid for CXRX
  4. August 22nd, 2016 the company announces that the CEO is forced to sell 505,000 shares due to a margin call for a loan that was established before the formation of the "strategic Committee" (formed April 21st, 2016 after market close)
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