Concordia Healthcare Corp. T.CXR.R

Financing Price

[RusticHit]

Financing is done at 65 US so it is 87 bucks C$ todays rate ,Is it bargain at 59 bucks for Retails ???

[Minerr101]

Is the Financing really done?  It was a US marketed deal, not a Bot deal. If i was a Hedge Fund i would refuse to pay given it fell $10 the first day and 12 the second day. Settlement is Sept 30th. Does anyone have more colour on this?

[88guy88]

A bought deal is a bought deal....a contract to buy....i think they are commited...they have to take the bad with the good....they get the advantage of a bought deal price which is lower than the market price usually by 5% or so and if the price drops after that then thats just how the market goes

[TomWToronto]

Its a public offering to be completed by the 30th... not sure if its already gone through but what happens if it doesn't? Furthermore, part of the purchase agreement on the previous aqusition was payment in cash and shares of Concordia.  Not looking that hot now that the share price is 1/2... I see that the current price fluctuation has not factored in anything should the financing and

[cg16]

the financing was done within hours of the announcement. I don't think that is at risk at all. the closing of the AmCo deal will happen too. the debt would've been committed to before the financing went out. so with the debt placed and the financing done, time to close the deal and start reporting good Quarterly results. thats what I expect. I also expect the leverage (debt to equity) will

[bigzig]

This post has been removed in accordance with Community Policy

[cg16]

Debt proforma is more like 4.5x which is still abit high but more acceptable for a transformational deal. 6x doesn't include equity raised or any synergies.. This mess is just about bad timing. Thats the markets though.