Concordia Int'l (CXRX) Says Strategic Review Concluded; Will Continue on Course, Assess Alternatives

October 13, 2016 12:29 PM EDT

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Concordia International (Nasdaq: CXRX) buried the following within its recent press release surrounding the closure of a senior notes offering:

The closing of the Offering marks the formal conclusion of the Company's strategic review, which was originally announced on April 21, 2016. Going forward, the Company will continue to execute its business plan and will assess strategic alternatives in order to maximize value creation for shareholders.

Concordia shares are down over 3 percent on the session, but ticking higher.

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