Concordia Healthcare Corp. T.CXR.R

PFE is buying ANAC

[fdfd12]

Just don't understand it.

Why would they buy a company who is going to lose $1.62 / share this year.

Anyone have any thoughts?

[TheRock07]

Because it is cheaper to buy drugs than to develop, test and get approval. ANAC ( market cap of $3 billion )  has annual sales of about $100 million and losing tons of money. It has some promising advanced drugs too. But, very expensive at 30 times annual sales. Major  up gaps are developing across all of the pharma/biotech indices this am, as a result of the developing momentum in M

[bull_man]

we're next.....watch!

[curiousbuild]

5.6M short on $ANAC ouch.. they will eat ice cubes for meal for a while.. Was scam Hillary short there too? Lol CB

[greenpasture]

They paid a 50% premium over Friday's close.

[WillyWally]

See? That's how a buyout goes. You wake up one morning and it's a done deal, not like the fake rumour about CXR. That being said, I still think the odds of a CXR buyout is very high in the next 12 months. I'd love to see shorts burn.