Post by
thedave2006 on Sep 25, 2015 9:05am
financing
Greed! Concordia Healthcare Announces Terms of US$520 Million Public Offering of Common Shares...looks like about $89 CDN.
Comment by
88guy88 on Sep 25, 2015 9:48am
Canadian conversion is $86.64.........
Comment by
cg16 on Sep 25, 2015 10:10am
oh, perfect. thanks. so we are actually trading this morning below the financing price..
Comment by
88guy88 on Sep 25, 2015 10:22am
yes its trading below the price of $86.64 but it should recover soon...it always shoots below for a short time as some investors just sell and do not check the conversion price...it doesnt take much to move the price around...a board lot of 100 can bring it up or down.....anyone buying now is getting great pricing well below the offering price
Comment by
Moneyday0 on Sep 25, 2015 10:37am
DIDDO!!! congrats to all picking up these shares on the pull back. As was mentioned, getting new co. for free as it is DEFINATELY not built into the price. Amazing CXR picking up a larger company and takes control. Shows the strength of mngt. Especially the locked in shares so no dilutions.
Comment by
thedave2006 on Sep 25, 2015 10:39am
miscalculated the exchange rate....looks more like $84-$86 CDN. at any rate, i'm all good since I got in at about $16 CDN. long time ago. Sold all te way up and too bad didn't get rid of more in the $110s CDN. oh well, what I got left is major free. take care....
Comment by
retiredcf on Sep 25, 2015 11:01am
Current exchange rate is 1 US$ = 1.329 C$. So 65 x 1.329 = C$86.38. GLTA