Bad move by management causes this big Drop But HOLD ON.....This acquisition is viewed by the market as overly paid and too big for CXR to swallow. The offering price of USD65 by management tells what they think the value of the company is or how desperate they need the capital to pay for the deal and their operating costs even when no deal is completed. A big flop by management.
Damage is now done and it takes time to heal. If you hang on to your position and I suggest you all do should hold your breath till the American election is settled. I believe the market and the healthcare sector shall rebound on solid ground. In between now and then price will range bound. Be Patient, too late to sell.