Was I the only one that heard them say tax changes possibility in 2013- big deal flow back half 2012. In other words middle market funds SELLING hot potatoe companies like the ones CODI owns. CAD up for higher taxes- Thats why the stock is down.
If it's a stock sale they can't deduct the goodwill for tax purposes anyways, only book or GAAP purposes. If it's an asset sale then they can deduct the goodwill, but only after company A pays capital gains taxes on the $50 million above book value.