Concordia’s big share sale oversubscribed
Concordia’s big share sale oversubscribed
NIALL MCGEE
— The Globe and Mail
Published Wednesday, Sep. 23, 2015 1:34PM EDT
Last updated Wednesday, Sep. 23, 2015 1:36PM EDT
Concordia Healthcare Corp.’s public offering is almost in the bag, according to an investment banking source.
On Monday, the Oakville, Ont.-based pharma company said it intended to sell eight million new shares in a public offering to help pay for its recent $2.1-billion (U.S.) acquisition of Amdipharm Mercury Co. Ltd. The source said that the offering is now oversubscribed and should be priced by Friday.