Dec 15 (Reuters) - Concordia International Corp ::CONCORDIA INTERNATIONAL CORP - DETERMINED TO DEFER PAYMENT OF APPROXIMATELY $37.5 MILLION OF INTEREST DUE DEC 15 ON 9.5% SENIOR UNSECURED NOTES.CONCORDIA INTERNATIONAL CORP - EXPECTED THAT FOREGOING INTEREST PAYMENT WILL BE ADDRESSED AS PART OF ANY RECAPITALIZATION TRANSACTION.
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Nov 21 (Reuters) - UK Competition and Markets Authority -:CMA HAS PROVISIONALLY FOUND THAT CONCORDIA ABUSED ITS DOMINANT POSITION TO OVERCHARGE NHS BY MILLIONS FOR ESSENTIAL THYROID DRUG.UK'S CMA FINDINGS ARE PROVISIONAL AND THERE HAS BEEN NO DEFINITIVE DECISION THAT THERE HAS BEEN A BREACH OF COMPETITION LAW.UK'S CMA WILL CAREFULLY CONSIDER ANY REPRESENTATIONS FROM COMPANIES BEFORE DECIDING WHETHER LAW HAS IN FACT BEEN BROKEN.
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Nov 21 (Reuters) - Concordia International Corp -:COMMENTS ON CMA STATEMENT OF OBJECTIONS RELATED TO LIOTHYRONINE; SAYS "DO NOT BELIEVE THAT COMPETITION LAW HAS BEEN INFRINGED".WILL REVIEW CMA'S PRELIMINARY POSITION; CONTINUE TO WORK CO-OPERATIVELY WITH CMA AS IT PROCEEDS WITH ITS INVESTIGATION..
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Nov 14 (Reuters) - Concordia International Corp :Concordia International announces third quarter 2017 results.Concordia International Corp qtrly reported revenue of $154.6 million, compared to $185.5 million for same period in 2016.Concordia International Corp qtrly loss per share from continuing operations $1.36.
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Oct 20 (Reuters) - Concordia International Corp ::Concordia International Corp. takes next step to realign its capital structure by commencing proceedings under the Canada Business Corporations Act.Seeking to reduce its existing secured and unsecured debt obligations by more than $2 billion.Intends to continue operating its business as usual during CBCA proceedings.Company had approximately $340 million of cash on hand as of September 30, 2017.Some payments owed to unsecured lenders will not be paid as scheduled & are expected to be addressed as part of recapitalization.Proposed recapitalization transaction may result in dilution of outstanding common shares of company.It is commencing a court proceeding under Canada Business Corporations Act.Under CBCA process, Concordia's management will continue to lead day-to-day operations.
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Oct 11 (Reuters) - Concordia International Corp :Concordia International- UK CMA investigating issues related to UK pharmaceutical sector, co's international segment,certain products part of inquiry.Concordia International -UK CMA investigation at early, stage,CMA confirmed it has not reached conclusions if competition law been infringed.
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Oct 11 (Reuters) - Concordia International Corp :Says UK competition and markets authority is investigating new issues in relation to UK pharmaceutical sector.Says that Concordia's International segment and certain of its products are part of CMA's inquiry.Says investigation is at an early, information-gathering stage.Says CMA's investigation includes matters that pre-date Concordia's ownership of international segment.Concordia International says CMA has confirmed that, at this time, it has not reached any conclusions on whether competition law has been infringed.
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Concordia International Corp : Concordia International Corp announces communication with CMA . CMA's investigation includes matters that pre-date Concordia's ownership of international segment . CMA confirmed it has not reached a view as to whether there is sufficient evidence of any infringement for it to issue statement of objections .UK Competition and Markets Authority investigating issues related to UK pharmaceutical sector; co's international segment is part of inquiry.
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Concordia International Corp : Concordia International announces closing of senior notes offering and appoints Allan Oberman to board of directors . Going forward, co will assess strategic alternatives .Following appointment of Allan Oberman to board effective October 14, 2016, the board will consist of six members.
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Concordia International Corp : Concordia International announces pricing of offering of senior notes . Says principal amount of notes is $350 million .Senior notes will bear an interest rate of 9.00 per cent per annum and will be issued at 100.00 per cent of their face value.
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