This page has been archived and commenting is disabled.

Cardinal Health Comments On Various LBO Rumors

Tyler Durden's picture




 

After Zero Hedge earlier speculated that CAH may be subject to an LBO, the company appears to have taken matters into its own hands.

While it is our longstanding practice not to respond to market rumors and speculation, we are making an exception in this limited situation. Cardinal Health is not in discussions with any party regarding an acquisition of Cardinal Health. We do not expect to have further comment on this matter.

Zero Hedge: "forcing companies to make exceptions since 2010."

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 10/26/2010 - 13:44 | 678083 egdeh orez
egdeh orez's picture

"No discussions."  Does this mean it's going to be a hostile bid?  Or does this mean no acquisitions at all?  In which case, how do we explain the CDS and the options buying?

Tue, 10/26/2010 - 13:46 | 678090 sweet ebony diamond
sweet ebony diamond's picture

How about GE?

Can you crack that nut?

Tue, 10/26/2010 - 13:47 | 678095 Ragnarok
Ragnarok's picture

So this is what it is like to have a functioning press, NEAT-O!

Tue, 10/26/2010 - 13:51 | 678105 John McCloy
John McCloy's picture

+1
well done

Tue, 10/26/2010 - 14:39 | 678215 Cognitive Dissonance
Cognitive Dissonance's picture

It is amazing, isn't it?

Now all we need is to asked the White House to issue Marla and Tyler some "reporters credentials" (the lady taking the request asks "Don't you mean repeater's credentials?") and then watch the Presidential "Press Conference Q & A" on TeeVee (aka the "festivities") when Marla and Tyler don't take "no" for an answer.

Tue, 10/26/2010 - 15:31 | 678419 John McCloy
John McCloy's picture

Tyler would get Helen Thomased a week after asking "Why the President is opposing Glass Steagall return" 

   I think she was gone 2 week after this little dialogue.

http://www.youtube.com/watch?v=9pDpzZU8Cxc

Tue, 10/26/2010 - 16:07 | 678542 Cognitive Dissonance
Cognitive Dissonance's picture

I'm old enough to remember when the White House reporter was expected to be persistent, but not push too hard, meaning no more than two follow up questions on the same point.

Now a days, White House repeaters are expected to suck very hard. Quite frankly, it's an embarrassment.

Tue, 10/26/2010 - 13:58 | 678123 Vergeltung
Vergeltung's picture

we can dream, right? ;)

 

Tue, 10/26/2010 - 14:31 | 678200 Ragnarok
Ragnarok's picture

I dream one day of a ZH whitehouse correspondent asking the President to justify the existence of the SEC and not what "enchants" him, which seems to be the extent of the current press corpse's ability.

Tue, 10/26/2010 - 14:22 | 678187 Trial of the Pyx
Trial of the Pyx's picture

I actually laughed out loud

 

NEAT-O indeed!

Tue, 10/26/2010 - 13:49 | 678102 MeTarzanUjane
MeTarzanUjane's picture

Ha, I knew it. You accumulated last week and nudged the CDS spreads yesterday and today.

Fess up.

Tue, 10/26/2010 - 13:52 | 678107 Aristarchan
Aristarchan's picture

While it is my longstanding practice not to respond to rumors and speculation, I am making an exception in this limited situation. Aristarchan is not in discussions with either God or Satan concerning my eventual, possible demise. I do expect to have any further comments on this matter.

Tue, 10/26/2010 - 14:03 | 678131 Dr. No
Dr. No's picture

...it's a takeover.  It's Company policy not to imply takeover in the event of a takeover.  We use the indefinite aricle: "A Takeover."  Never "Your Takeover."

Tue, 10/26/2010 - 14:15 | 678172 SheepDog-One
SheepDog-One's picture

LOL excellent reference, Dr No!

Tue, 10/26/2010 - 14:38 | 678218 Tyler Durden
Tyler Durden's picture

You may want to watch Fight Club again

Tue, 10/26/2010 - 14:06 | 678142 Aristarchan
Aristarchan's picture

I do NOT expect to have further comments.....that, ladies and gentlemen, is what happens when you rely on a Robo-Writer to post your comments. Now I know how BOA must feel.........

Tue, 10/26/2010 - 14:19 | 678181 EscapeKey
EscapeKey's picture

While it is my longstanding practice not to respond to rumors and speculation, faltering forces of infidels cannot just enter a country of 26 million people and lay besiege to them! They are the ones who will find themselves under siege. Therefore, in reality whatever this miserable Rumsfeld has been saying, he was talking about his own forces. Now even the American command is under siege.

Tue, 10/26/2010 - 13:54 | 678116 cbaba
cbaba's picture

so discussion had been made before ? i guess so...

Tue, 10/26/2010 - 13:55 | 678119 Strom
Strom's picture

Not in discussions currently because the deal was made yesterday...

Tue, 10/26/2010 - 13:58 | 678121 unum mountaineer
unum mountaineer's picture

TD, you sir are not even a menace to this society. you are a danger to the status quo. lol. you got private security detail? (they not goin' like you!)

Tue, 10/26/2010 - 14:05 | 678138 Chippewa Partners
Chippewa Partners's picture

Another great T-shirt logo!!! 

Tue, 10/26/2010 - 14:06 | 678144 nopat
nopat's picture

Good on 'ya TD!  You know you're killing it when shit like this happens.

Tue, 10/26/2010 - 14:11 | 678161 Conrad Murray
Conrad Murray's picture

In the last 7-10 days I've seen ZH mentioned on Glenn Beck, Dylan Ratigan, CNBC, a Time blog, a WSJ blog, and CSM.  They are gettin it in, no doubt.

Tue, 10/26/2010 - 14:24 | 678188 EscapeKey
EscapeKey's picture

Well, not wishing to take anything away from TD and the staff here at ZH who do an exceptional job, but in a way the MSM created the success of Zero Hedge, by not reporting the news.

You can't continuously lie to the populace, and still expect them to listen to you.

Tue, 10/26/2010 - 14:47 | 678233 Cognitive Dissonance
Cognitive Dissonance's picture

"We" ZH readers and commenters also deserve a small token of acknowledgement. I suspect the large and growing number of web page views that ZH has been racking up lately has finally been noticed in la la land.

The MSM and PTB can ignore a fly indefinitely, but not a hornet's nest. Good job Tyler & Company. And good job ZH readers/addicts. :>)

ZH is the ONLY financial porn I view on an hourly basis.

Tue, 10/26/2010 - 15:31 | 678416 Clark_Griswold ...
Clark_Griswold Hedge Mnger's picture

Tyler,

Did you make a CEO squirm?  Shame on you

Tue, 10/26/2010 - 17:28 | 678796 True.North
True.North's picture

I tried to bring it up while on Mad Money with Jim Cramer last week, but it didn't fit with my question. The question wasn't even taken because they wouldn't allow anything about POMO or QE2, which is hard to avoid these days when talking solely about the equity market.

This is my first post on ZH, but I have been an avid reader since the October 2009.

Tue, 10/26/2010 - 23:14 | 679609 CD
CD's picture

Welcome on board, but if you'd been paying attention, wouldn't you be staying away from MM in the first place...? ;-)

Tue, 10/26/2010 - 14:08 | 678150 erik
erik's picture

so does today qualify as an "island reversal" in the S&P 500?  isn't that a strong short-term signal especially given the recent straight line bullishness?

Tue, 10/26/2010 - 14:13 | 678166 Dr. No
Dr. No's picture

Jeez.  Just looked at the SPX candles.  Is today confirming a gravestone doji or a shooting star?  You chart guys, front and center!!

Tue, 10/26/2010 - 14:24 | 678189 erik
erik's picture

is the island reversal invalidated because the gap down was bought back entirely thus reconnecting the lines from yesterday and today?

Tue, 10/26/2010 - 14:30 | 678201 Dr. No
Dr. No's picture

I dont know aboout all that, but looking at it again, everything looks like it has topped out (RSI, MCAD).  POMO better throw more money at it.

Tue, 10/26/2010 - 14:42 | 678230 erik
erik's picture

it certainly would make sense to sell into QE2 and thus force the Fed to make it big.  then of course they can have another buying frenzy up to match 1220s in the S&P.

i know history only rhymes but early Feb to late Apr straight line bullish move was from 1040s to 1220s.  we have the same situation here with early Sept in 1040s and we are fast approaching 1220s.  if it were to actually mirror that move we would see 1220s by mid-late Nov.

Tue, 10/26/2010 - 15:23 | 678381 Dr. No
Dr. No's picture

2:30 ramp job arrives a litte early just to scare off the casuals.

Tue, 10/26/2010 - 14:11 | 678163 amarshall
Tue, 10/26/2010 - 14:20 | 678182 Red Neck Repugnicant
Red Neck Repugnicant's picture

ZeroHedge:  Scaring the shit out of people since 2010.

That being said, I think ZH is the best financial blog on the net. 

Tue, 10/26/2010 - 14:46 | 678248 citationneeded
citationneeded's picture

Not for nothing, but I was having the shit scared out of me since the Seeking Alpha days.

Tue, 10/26/2010 - 15:07 | 678321 tmosley
tmosley's picture

Are you sure you're not a character from an Orwell novel?  You are steeped in doublethink.

Tue, 10/26/2010 - 14:21 | 678183 keepmydollar
keepmydollar's picture

Their refusal finally caused the market to turn down.  I wonder if the money used from the POMO this morning was used to buy Cardinal?

Tue, 10/26/2010 - 14:28 | 678193 slaughterer
slaughterer's picture

I think POMO money today was used to buy the usual junk: NFLX, BAC, et. al.

Tue, 10/26/2010 - 14:31 | 678203 tony bonn
tony bonn's picture

"We do not expect to have further comment on this matter." until the deal is closed.

Tue, 10/26/2010 - 14:45 | 678236 Village Idiot
Village Idiot's picture

"Zero Hedge: "forcing companies to make exceptions since 2010."

 

"DEFCON 1" version -

 

Zero Hedge: "forcing companies to make excrements since 2010."

 

 

Tue, 10/26/2010 - 14:44 | 678238 chunkylover42
chunkylover42's picture

"Cardinal Health is not in discussions with any party regarding an acquisition of Cardinal Health"

Interesting to note he does NOT say anything about a potential large acquisition of a third party that CAH might make, a perfectly valid reason to lever up the balance sheet.

Tue, 10/26/2010 - 18:10 | 678884 Janice
Janice's picture

That depends on what your definition of "is" is.  I want to make it perfectly clear.  I did not have acquisition with that corporate entity.

Tue, 10/26/2010 - 15:32 | 678422 Turd Ferguson
Turd Ferguson's picture

If anyone at CNBS is, in fact, reading this I just like to publicly state that I am 100% infatuated with Mandy and that, if she'd like, I'd gladly treat her to an all-expenses paid trip to sexual satisfaction.

Mmmmmmandy....

Tue, 10/26/2010 - 15:47 | 678466 Red Neck Repugnicant
Red Neck Repugnicant's picture

I don't think she's a lesbian. 

Try this dating site:

SinglesforGlennBeck.com

Tue, 10/26/2010 - 16:01 | 678499 Turd Ferguson
Turd Ferguson's picture

Yep, lots of hot chicks there.

Not just the sandal-wearing, granola-eating liberal heifers that you prefer, RedNeck.

Tue, 10/26/2010 - 16:05 | 678528 Red Neck Repugnicant
Red Neck Repugnicant's picture

Here, I wrote a classified ad for you:

Single, very white male with a penchant for extremely large yellow hats, looking for a super-conservative man or woman who would enjoy an evening of pessimism and paranoia while watching reruns of Glenn Beck and drinking wine from a box. Must enjoy alpacas and sodomy.   

Tue, 10/26/2010 - 16:12 | 678554 Turd Ferguson
Turd Ferguson's picture

That's pretty good. A couple of corrections/additions:

1) Not looking for a fellow male.

2) Be sure to include "listening to SchiffRadio" and "reading National Review".

3) Must also appreciate fine dining at Cracker Barrel.

4) Alpacas, sodomy and midgets.

Thanks for all your help! I'm sure Mandy (or similar) will be calling soon.

Tue, 10/26/2010 - 15:58 | 678515 Pining for the ...
Pining for the Fjords's picture

I'm rooting for you, big guy.  Then again, maybe not-  have you considered that Mandy getting busy with a fellow named "Turd" might just be the 5th sign of the Apocalypse?  Just sayin.

Tue, 10/26/2010 - 16:02 | 678527 Turd Ferguson
Turd Ferguson's picture

 "Mandy getting busy with a fellow named "Turd"

I just like reading that in print...


Tue, 10/26/2010 - 16:11 | 678548 Cognitive Dissonance
Cognitive Dissonance's picture

Turds "Final Fantasy".

Tue, 10/26/2010 - 18:31 | 678939 bugs_
bugs_'s picture

Cardinal has done a lot of acquisitions.  Time to do some homework.

Wed, 11/03/2010 - 21:31 | 697973 cheap uggs for sale
cheap uggs for sale's picture

We have all cheap uggs for sale in our website http://www.salesuggs.org ! You can meet all your needs for UGG hot sale here and will certainly be satisfied with the top quality at low price. All UGGs on sale are made with the 100% genuine sheepskin from Australia and are hand-made in our own factory completely. So you need no to worry about the quality and the cheap UGGs for sale are all to be delivered in free shipping. Enjoy the large discount!
1.
UGG Amberlee
|UGG Kensington
|UGG Elsey
|UGG Langley
|UGG Roxy Short
|UGG Roseberry
|UGG Oliviya
|UGG Raya
UGG Brookfield Short

Tue, 11/09/2010 - 04:30 | 711166 shaoye
shaoye's picture

Find ugg and Australian sheepskinAuthentic Ugg boots, learn the history behind the Cheap ugg boots, and when and what to wear with Ugg boot, as well as cleaning and caring for ....we sell new style Ugg boots on sale,You can find the wholesale discount Ugg boots here.

Thu, 12/09/2010 - 10:31 | 792220 senthil456
senthil456's picture

I love zerohedge policy.

cheap hosting

windows vps

forex vps

Do NOT follow this link or you will be banned from the site!