RE:equity stake not saleIn the news release (not CXR press release it stated: "Blackstone Group LP is considering a takeover of listed Canadian pharmaceutical company Concordia Healthcare Corp., according to people familiar with the matter." OK. I will take people familiar over SH speculation but neither is definite until disclosed. However, from the press release, it stated that a special committee of directors is looking at strategic options. This does not imply a simply share dilution and subsequent greater debt. Committee formed weeks ago. Does not take weeks to lock down something simple like a loan for equity.
puma1 wrote: still think this will end with Blackrock taking a larger stake in the company as opposed to a buy out transaction.
they will also probably agree to cut some kind of financing line to give more credit to CXR and allow the international platform to get better utilized