Concordia Healthcare Corp. T.CXR.R

From Bloomberg News

[Kisu]

"Concordia Healthcare Corp.’s sale process hit a snag after Blackstone Group and Carlyle Group opted not to pursue a takeover for the Canadian drug maker, according to people familiar with the matter.

The lack of interest from the big private equity firms casts doubt on whether the beleaguered company will find a buyer, said the people, who asked not to be identified as the information is private."

They don't want to be identified so as not to be sued.  I bet they sold before releasing the info - insider trading.

[Craigbad]

The same sentiment was echoed on Bnn regarding a private equity takeover. Amber said she spoke to a fund who was short in New York, wondering if they were getting squeezed on their short position due to buyout rumors. She said the fund was confident there wouldn't be a buyout because Concordia basically bought private equity garbage at the top of the market so they wouldn't be able to sell

[Roller007]

Why is amber providing us with only the short views on Cxr.  Is it because it's only short views that are out there.   The major longs know the inevitable outcome and don't need to pump the stock whereas the shorts need to continuously bash it.  Off course their assets are not worth what they paid for them, but they are worth something considerably higher than what the SP is

[fdfd12]

I will tweet this to Amber

[Craigbad]

Take it for what it is, but to be clear the short wasn't bashing the stock, it was Amber who called the fund and they just gave their view on why a takeout possibility doesn't worry them. The short position has increased since the buyout rumors spiked the shareprice the first time so all this talk of burning the shorts and shorts covering at this level seems like nonsense as most of the

[Roller007]

Craig: like a fund that's shorting Cxr will tell Amber that yes they do believe that the buyout is near. Come on.  Amber is a rookie. Watch Katherine Murray comment and ask questions re Cxr in the last month. She is an experienced trader and she s on to the whole manipulations.  I bet you she has a position in Cxr.  

[select1011]

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[MichaelSilvia1]

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