REFILE-BUZZ-Concordia Healthcare: Private equity firms shun takeout - WSJ

Thu Jun 2, 2016 2:05pm EDT
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(Clarifies WSJ as source in headline)

** Canadian drug developer Concordia Healthcare shares plunge in heavy volume

** U.S-listed shares down 10 pct, fell as much as 19 pct after trading halt lifted

** Blackstone Group and Carlyle Group said to walk away from takeover talks with company, according to Wall Street Journal

** In Apr, Concordia reportedly hired Greenhill & Co to seek bidders

** More than 5 mln CXRX shares have traded, 7x their avg 30-day volumes

** With today's move, U.S. stock has fallen 60 pct over past year