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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by sunshine7on May 15, 2016 9:55pm
209 Views
Post# 24875552

Why the Friday May 13 earnings call?

Why the Friday May 13 earnings call?Why not Tuesday or Wed? I think now the reason is that they had the 4 product acquisition closing the day prior as stated in the earnings report...

"On May 12, 2016, Concordia entered into an agreement to acquire four products and the associated global rights through its wholly owned subsidiaries Mercury Pharma Group Limited and Amdipharm Mercury International Limited. The product rights acquired provide treatments for depression, urticaria and anemia. The purchase price of the acquisition will consist of an initial payment of 21 million funded through cash on hand, and up to a maximum of 7 million in earn-out payments that would be payable in the first quarter of 2017 if certain performance and supply targets are achieved. The transaction is expected to close on or about May 31, 2016."
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