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Cardinal Health Comments On Various LBO Rumors
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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"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?
How about GE?
Can you crack that nut?
So this is what it is like to have a functioning press, NEAT-O!
+1
well done
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.
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
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.
we can dream, right? ;)
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.
I actually laughed out loud
NEAT-O indeed!
Ha, I knew it. You accumulated last week and nudged the CDS spreads yesterday and today.
Fess up.
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.
...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."
LOL excellent reference, Dr No!
You may want to watch Fight Club again
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.........
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.
so discussion had been made before ? i guess so...
Not in discussions currently because the deal was made yesterday...
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!)
Another great T-shirt logo!!!
Good on 'ya TD! You know you're killing it when shit like this happens.
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.
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.
"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.
Tyler,
Did you make a CEO squirm? Shame on you
We're getting there. Now if only my all my other choices were comparable to my taste in choosing sources of information... :-}
http://traffic.alexa.com/graph?&w=400&h=220&o=f&c=1&y=r&b=ffffff&n=666666&r=2y&u=zerohedge.com&
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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.
Welcome on board, but if you'd been paying attention, wouldn't you be staying away from MM in the first place...? ;-)
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?
Jeez. Just looked at the SPX candles. Is today confirming a gravestone doji or a shooting star? You chart guys, front and center!!
is the island reversal invalidated because the gap down was bought back entirely thus reconnecting the lines from yesterday and today?
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.
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.
2:30 ramp job arrives a litte early just to scare off the casuals.
AP picked up on it, with a shout out to ZH
http://finance.yahoo.com/news/Cardinal-Health-shoots-down-apf-893314265....
ZeroHedge: Scaring the shit out of people since 2010.
That being said, I think ZH is the best financial blog on the net.
Not for nothing, but I was having the shit scared out of me since the Seeking Alpha days.
Are you sure you're not a character from an Orwell novel? You are steeped in doublethink.
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?
I think POMO money today was used to buy the usual junk: NFLX, BAC, et. al.
"We do not expect to have further comment on this matter." until the deal is closed.
"Zero Hedge: "forcing companies to make exceptions since 2010."
"DEFCON 1" version -
Zero Hedge: "forcing companies to make excrements since 2010."
"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.
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.
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....
I don't think she's a lesbian.
Try this dating site:
SinglesforGlennBeck.com
Yep, lots of hot chicks there.
Not just the sandal-wearing, granola-eating liberal heifers that you prefer, RedNeck.
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.
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.
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.
"Mandy getting busy with a fellow named "Turd"
I just like reading that in print...
Turds "Final Fantasy".
Cardinal has done a lot of acquisitions. Time to do some homework.
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I love zerohedge policy.
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