Concordia hires Perella Weinberg as financial adviser
2017-06-21 08:20 ET - News Release
Mr. Adam Peeler reports
CONCORDIA INTERNATIONAL CORP. PROVIDES UPDATE ON DEVELOPMENT OF LONG-TERM GROWTH STRATEGY
Concordia International Corp. has provided an update on the development of its long-term growth strategy.
Further to previous communications, the Company's development of a long-term growth strategy is nearing completion. Once finalized, the Company intends to communicate its details with stakeholders in the second half of 2017.
To support the development and execution of this strategy, the Company has engaged Perella Weinberg Partners LP to provide financial advisory services. These services may include, but are not limited to, helping the Company explore and evaluate potential transactional alternatives, including initiatives to optimize its capital structure.
There can be no assurance that this process will result in any transaction, or that any transaction, if pursued, will be consummated. The Company does not expect to comment further unless and until a specific transaction is approved by its Board of Directors or the Company otherwise decides further disclosure is appropriate or required.
"We have made significant progress on our long-term growth strategy and we are looking forward to working with Perella Weinberg Partners to support the Company in finalizing and executing on that strategy," said Allan Oberman, Chief Executive Officer of Concordia International Corp