Concordia Healthcare Corp. T.CXR.R

Does anyone know what levels of gross profit they mean?

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"An earn-out payment of up to US$220 million may be payable to the sellers of AMCo in 2016 should the AMCo group of companies achieve certain levels of gross profit over a period of 12 months from October 1, 2015. This payment will not be made should the AMCo group not achieve the specified targets."

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The company has already said in a press release and on earnings calls they are to pay the first payment of 72 million BDP BY Monday December 19th.  Many M&A pharma deals are structured so that the performance payment is really just a deferral of part of the purchase price (for tax reasons) and set the performance target correspondingly low.  It appears this was the case and also