RE:From Bloomberg NewsThe same sentiment was echoed on Bnn regarding a private equity takeover. Amber said she spoke to a fund who was short in New York, wondering if they were getting squeezed on their short position due to buyout rumors. She said the fund was confident there wouldn't be a buyout because Concordia basically bought private equity garbage at the top of the market so they wouldn't be able to sell it back to private equity unless it was very cheap. The whole thing is getting very frustrating. Up 50% one week, back to even the next, back up 50% and looks like we may head back again. Hopefully we hold $30 again if it goes down again, but you can only jump on that support board so many times before it breaks! Lol
Kisu wrote: "Concordia Healthcare Corp.’s sale process hit a snag after Blackstone Group and Carlyle Group opted not to pursue a takeover for the Canadian drug maker, according to people familiar with the matter.
The lack of interest from the big private equity firms casts doubt on whether the beleaguered company will find a buyer, said the people, who asked not to be identified as the information is private."
They don't want to be identified so as not to be sued. I bet they sold before releasing the info - insider trading.