Concordia Healthcare Corp. T.CXR.R

cxr

[healthstock1234]

sedar.com , on Nov 10, we have Business acquisition report-English not French, so everybody can read it.
Concordia-Unaudited Pro Forma Condensed Consolidated Balance Sheet , June 30, 2015.
The debt is there.The explanation of the debt is after Statement of Income,at 6. Sources of funds, Use of funds,

First Conso for Concordia and AMCo.

[sunshine7]

Long read but very comprehensive. Looks like job #1 is to reduce those short term high interest loans at 9.?% before they convert to bonds (2 yrs). That should reduce the 'blended rate' to below the stated 7.25%. Total assets USD$5.5B. Gotta go.

[sunshine7]

"In addition, if the Company acquires certain specified pharmaceutical products from a specified third party introduced to the Company by certain of the Vendors within 12 months of the date of the Acquisition, the Company will pay to the Vendors an additional $72,000." ... I think this is what CEO was alluding to when he mentioned adding a couple of tuck in products paid for by cash flow

[healthstock1234]

exactly

[sunshine7]

"The equity consideration of 8,490,000 shares included in the purchase consideration has been determined using a share price of $27.19, which reflects the NASDAQ share price of the Company on October 20, 2015." ... now who do you think had an interest in bringing down the share price to that level after CXR issued shares at US$65 for US$500M proceeds? Are they still holding on to these

[Money10179]

Good point

[Stockcoach1]

Wrong,  Cinven received 8.49 million common shares of Concordia (approximatelyUS$0.7 billion) as part payment 700,000,000 / 8,490,000=82.48 USD per share or around 110.09 CAD. That is the closing price/ share the day before deal was announced. And there is a trade clause, and yes they are still holding. Check the insider holdings.    As part of the total consideration to be

[Money10179]

In hindsight, it was very smart of them (Cxr) to take advantage of the high stock price at the time... what a deal given todays price

[dudsywow]

Absolutely... current shareholders now own Amdipharm that was bought valued at $Cdn100+ shares.

[sunshine7]

Thanks Stockcoach, that is excellent info.

[dudsywow]

The 8.49 million shares given to Cinven was an amount that was fixed when the agreement was signed.  If you go to the original Sept 21 transaction summary, the share component was valued at US$0.7 billion which equates to $82US per share.  Just because the share price happened to drop to $29.19 on the closing date does not affect Concordia in any way; the share amount was fixed in the

[dudsywow]

Sorry Stockcoach... didn't see your post.

[healthstock1234]

[for fdfd12  amco financial statements are in the same place, same report. Unaudited for 2015 and audited for 2014. quote=healthstock1234]sedar.com , on Nov 10, we have Business acquisition report-English not French, so everybody can read it. Concordia-Unaudited Pro Forma Condensed Consolidated Balance Sheet , June 30, 2015. The debt is there.The explanation of the debt is after Statement of