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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by DanKwong1958on Aug 18, 2016 5:02pm
89 Views
Post# 25156137

RE:RE:* BREAKING: Valeant Acquires Concordia *

RE:RE:* BREAKING: Valeant Acquires Concordia *
LaticeInExile wrote: LMFAO!!!  This is the best story I have heard yet!!!  They should have written that it will simplify filing for both VRX and CXR as they will only have to file once for bankruptcy!!!   I am surprised that the story wasn't CXR acquires VRX!  

 

HedgeFunder wrote: LAVAL, Quebec -- Valeant Pharmaceuticals Corp. (Nasdaq: VRX) and Concordia Healthcare Corporation (NYSE: CRXR) on Thursday announced they have entered into a definitive agreement under which Valeant will acquire Concordia for $9.65 per share in an all-cash transaction valued at $1.01 billion, inclusive of Concordia's net cash. Valeant will retain its distinct brand, culture and independence. More about this acquisition @ The Onion News Network.



I can not find this story on the internet.  Why is noone talking about it?  I assume the $9.65 is US funds.  Do shareholders vote on it and drive up price.  Will we get a short squeeze tomorrow?
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