Concordia Healthcare Corp. T.CXR.R

from bloomberg

[thedave2006]

https://www.bloomberg.com/news/articles/2016-06-02/concordia-plunges-after-report-that-blackstone-carlye-walk-away

[thedave2006]

from bloomberg, cxr loses blackstone and carlye bid.  from cxr, strategic alternatives ongoing.

[CNInvesting]

Isn't bloomberg the one that reported the first Blackstone rumor ? Kind of weird. Not reading into this too much but whatever.

[sunshine7]

It is interesting that these PE firms get so much attention as they are not even listed as institutional shareholders. It would make more sense for a serious offer from a current owner rather than a bargain shopper looking to steal it from them. CXR is 29% institutional ownership as of March 31.

[watchmeplz]

I wanna buy more of this! Debt is manageable with revenue! Plus crazy multiples! Plus buyout waiting?! OMG! sign me up! 6500 shares is all I got in the tank :(

[notwrong]

This post has been removed in accordance with Community Policy

[Kisu]

I wonder which side of the table KKR and the institutional buyers are on in this strategic review? 

[CNInvesting]

KKR is way, way, way, more experienced in healthcare than Blackstone, or Carlyle, for that matter. Since inception, Blackstone being interested was mysterious. Perhaps they just saw a fire sale and thought ''hey let's underbid this like crazy and hope for the best''. Who knows. All I know is that CXR has a very strong institutional ownership and they won't let those shares

[fdfd12]

CN get serious. How do we know who has more experience. We are here and they are PROS.

[CNInvesting]

Precisely my thoughts. Those two were never mentionned except in rumour talks. It's all smoke.

[thedave2006]

funnier thng is cxr hasnt confirmed talks are off with blackstone and carlye....just saying strategic alternatives is ongoing.