RE:RE:RE:scotia bank - involved in deal?
I think we agree that the timing of the acqusition was not ideal. If they had closed a month before, I doubt they would've had any issues at all but September happened to be the witching month for pharma.
They still have a ~$200M line of credit (if memory serves). I don't think an equity raise is in the cards as there is no need for it. They are servicing their debts and no signifcant principle is due for next few years. Unless the Company is not able to service debts due to significant slowdown in revenue, they won't look at an equity raise until some large payment is due.
I think they're gona just be patient and ride out this turmoil till after US elections.