Concordia Healthcare Corp. T.CXR.R

bidding process

[coolcoal]

NR said apollo made a bid in the last stage of the process

"Apollo APO, -0.06%  submitted a bid in the final round of Concordia’s CXRX, -3.42% auction process, the person said, adding that there is no certainty that the deal would materialize."

During an auction for a company no disclosure of sale price is made until the auction is over.  Since it is only Apollo I would imagine they would dislcose that price any day now.  That being said there would be no point in offering a lower than market price, share holderings would just vote it down.  

cc

https://www.marketwatch.com/story/apollo-global-management-is-still-in-talks-to-buy-concordia-healthcare-2016-06-06

[RUNMC4039383]

Thanks for the informative post!  GLTA!

[adamchess]

I would believe Apollo made a reasonable bid that is worthy of consideration by the shareholders of CXR - especially those that own significant numbers. Management is probably asking for feedback from these players and possibly asking Apollo to up their bid somewhat in order to cement the deal. Cinven may wish to keep their minority interest, etc. and mantain all things the same including present

[curiousbuild]

Cinven+MT and 5 institutions make 40% of shareholders... It shouldn't be too hard to get feedback.. However, shouldn't they share that material information with 60% majority? I don't know what regulations say in the books though.. I am overall bit salty how company handled rumours leaks etc. They did not deny or correct any news of bloomberg or WSJ.. CB