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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."

 

 


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Tue, 10/26/2010 - 13:44 | Link to Comment 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 | Link to Comment sweet ebony diamond
sweet ebony diamond's picture

How about GE?

Can you crack that nut?

Tue, 10/26/2010 - 13:47 | Link to Comment Ragnarok
Ragnarok's picture

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

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

+1
well done

Tue, 10/26/2010 - 14:39 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Vergeltung
Vergeltung's picture

we can dream, right? ;)

 

Tue, 10/26/2010 - 14:31 | Link to Comment 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 | Link to Comment Trial of the Pyx
Trial of the Pyx's picture

I actually laughed out loud

 

NEAT-O indeed!

Tue, 10/26/2010 - 13:49 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment SheepDog-One
SheepDog-One's picture

LOL excellent reference, Dr No!

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

You may want to watch Fight Club again

Tue, 10/26/2010 - 14:06 | Link to Comment 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 | Link to Comment 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 | Link to Comment cbaba
cbaba's picture

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

Tue, 10/26/2010 - 13:55 | Link to Comment Strom
Strom's picture

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

Tue, 10/26/2010 - 13:58 | Link to Comment 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 | Link to Comment Chippewa Partners
Chippewa Partners's picture

Another great T-shirt logo!!! 

Tue, 10/26/2010 - 14:06 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Clark_Griswold ...
Clark_Griswold Hedge Mnger's picture

Tyler,

Did you make a CEO squirm?  Shame on you

Tue, 10/26/2010 - 17:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment amarshall
Tue, 10/26/2010 - 14:20 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Turds "Final Fantasy".

Tue, 10/26/2010 - 18:31 | Link to Comment bugs_
bugs_'s picture

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

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senthil456's picture

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