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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by Longboarderon Jun 06, 2016 8:23am
149 Views
Post# 24936832

Whats going on here

Whats going on hereI inititally called for the buyout announcement to be today. However with the stock price getting killed on Thursday and Friday, Apollo and CXR need to drive up the stock price a bit before "finalizing" the deal. If a takeover at $70 was announced this morning that would represent a 100% premim which is uncharactersitc of PE. However this WSJ article will drive the stock price up today to more of a 60-70% premium range and the hammer will strike today after close or sometime in the next two days. Mark my words.
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