Post by
DoubleDown13 on Jun 08, 2016 10:16am
Apollo submitted a Bid!
https://finance.yahoo.com/news/apollo-global-apo-submits-bid-120312761.html
Apollo Global Management, LLC APO has reportedly submitted a bid in the final round of Concordia Healthcare Corp. CXRX auction process. However, there is uncertainty regarding materialization of the deal. The news was reported by The Wall Street Journal on Monday, citing a person acquainted with the matter.
Apollo’s move comes in sharp contrast with the decision of two other private-equity firms – The Blackstone Group L.P. BX and Carlyle Group LP – that decided not to pursue the acquisition of the Canadian pharmaceutical company despite initially expressing interest in it.
Comment by
Lattice on Jun 08, 2016 10:21am
This post has been removed in accordance with Community Policy
Comment by
select1011 on Jun 08, 2016 10:34am
This post has been removed in accordance with Community Policy
Comment by
Kisu on Jun 08, 2016 10:23am
Yesterdays news and it means nothing. Share price down a buck today, and likely down another buck everyday until CXR can wind this mess up.
Comment by
sunshine7 on Jun 08, 2016 10:27am
Thank you for joining stockhouse today just to share this breaking news.