Concordia Healthcare Corp. T.CXR.R

RE:RE:PJT Partners Hired as Restructuring/Bankruptcy Advisors

[Health123]

I wish to amend my previous post and add that this is "one" of the problems, imho.  

Health123 wrote:

CYBERPUNK wrote: Its about time this company came clean with investors.

The problem is that the $90m potential fine related to the infringement of competition law in the UK.  Bondholders don't want the BoD to approve the first payment of the earnout on Dec 19 because they feel that a portion of the earnout is likely affected by the price gauging they were able to take in the earnout period ....    but the problem is that if the payment is skipped then it would trigger a default across the entire capital stucture.  

So....  its a real mess.  IMO, it would be best for the company to declare Chapter 11 restructuring before any of the M&A payments are made.  It would make the debtholders happy, but the equity would be toasted.