Concordia Healthcare Corp. T.CXR.R

MARKET CHATTER

[riddle5]

Market Chatter: Concordia Healthcare Hits New 52-Week Low - Goldman Sachs Reportedly Struggles to Sell Concordia Debtless than 1 minute ago

11:14 AM EDT, 10/14/2015 (MT Newswires) -- Shares of Concordia Healthcare Corp. (CXRX) touched a new 12-month low Wednesday after Bloomberg reported that Goldman Sachs (GS) and other banks are struggling to sell nearly $2.8 billion of the pharmaceutical company's debt due to the ongoing drug-pricing controversy plaguing the pharmaceutical sector.

According to sources cited by Bloomberg, Goldman Sachs and other unnamed banks that committed to financing Concordia's purchase of drugmaker Amdipharm Mercury are facing low demand for two term loans totaling $1.86 billion. The loans are being marketed to back the takeover, sources noted adding that the banks plan to issue up to $950 million of bonds.

Concordia plans to finalize the acquisition next week, Bloomberg said.

CXRX was marginally higher in recent trade, with a new 52-week range of $30.76 to $73.23.

Price: 33.09, Change: +0.51, Percent Change: +1.57

[poubelle1]

The company overpaid for this acquisition. They are fools. They should renegotiate the deal with lower debt, or walk away. Probably not possible. But they definitely overpaid.

[healthstock1234]

The risk of the debt was calculated to be absorbed by new body-after the acquisition.Good reputation, new body and US market.

[healthstock1234]

big acquisition, debt involved so a little bit risky,less than 7 days,Hillary emails regarding the industry,S&P/TSX, DOW ,NASDAQ sometimes green sometimes red,so, just high volatility?!

[RusticHit]

Look like A Capitulation day today 40 support tested and Bounced nicely ,lets  see where it end up ??