Concordia Healthcare Corp. T.CXR.R

CINVEN

[Marky1]

Last October CINVEN acquired over 7 million shares of CXR at $107 CDN per share...Does anyone know if they still own these shares?? I cannot find any information on this purchase....TY

[cg16]

Cinven got their shares as part payment in the Amco deal- sorry I ballparked it in my last post. Looks like $82.45 US per share. There were/are restrictions for selling them.  "The total purchase price will consist of cash consideration of approximately £800 million (approximately US$1.2 billion), 8.49 million common shares of Concordia (approximately US$0.7 billion), and

[startraveller77]

Im sure they still own them, better question is if they allowed them to be borrowed?

[TSX2016]

This post has been removed in accordance with Community Policy

[cg16]

They should still own them because they had restrictions (terms of the deal) from selling them. Everyone would like to know if they lent to the short group... makes the acquisition price of Amco look alot less expensive now that thos shares are $7..  $7 x 8.49m shares = $59.43 M + the cash portion of the sale $1.2B + the earnout $190M = $1.45B ... That would be 4.5-5x ebitda? 

[greatplay]

I have been always saying that price that company paid for AMCO is not that big, because they paid with shares... and that's the reason why share price went down, because write-down impacted price of acquisition as the result. On paper Concordia paid big, but in reality, Concordia doesn't have all acquisition debt on book, just a portion of it, though, it's a bit big, but still a lot