Concordia Healthcare Corp. T.CXR.R

Special Committee to Review Strategic Alternatives

[sunshine7]

" announced it has formed a special committee of independent members of the Board of Directors of the Company (the "Special Committee") to consider various strategic alternatives potentially available to the Company. The Company has had discussions, however, there can be no assurance that any transaction will occur. Concordia does not intend to make any additional comments at this time regarding various strategic alternatives potentially available to the Company. "

[BullishBaytix]

I dont like the sounds of this. Sounds like there is no real news other than they are investigating selling perhaps, but there might not even be any offers possibly???? Must be more to it than this......

[patenright111]

well, cxr response is better than denying the rumors and price will now have a floor of $35 cdn or higher but this statement by cxr is still up in air, who knows what will happen. I will say again, fishy - why would it get halted for news from Bloomberg saying cxr has been in talks, normally news agency would release it, stock would trade up crazy then a halt would happen. normally news from the

[BullishBaytix]

It might not be in talks for takeover at all.... It might just be trying to determine the best method to get shareholder value, and that could mean selling off part of the company which could add support to the shares if shorters are aware they are trying to boost the shares by paying off or paying down debt etc. Not sure what to make of this, but perhaps even if nothing happens shares may not

[patenright111]

agree bullish - even if just trying to assess options , should limit downside, this wont open at 30, likely 35-38 range - so you will have a chance to exit without too big a loss if you do decide to sell, but I don't see this opening higher than 38-39 but heh anything is possible.