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MNK / Mallinckrodt open to proposed transactions as it struggles to pay opioid settlement; stock rallies

Mallinckrodt open to proposed transactions as it struggles to pay opioid settlement; stock rallies
Mallinckrodt PLC MNK shares surged in the extended session Thursday after the Dublin-based drug maker and distributor said it was open to proposed transactions as it keeps delaying a payment under an opioid settlement. Shares rallied as much as 15%, and were last up around 9% in late Thursday activity, following a 5.3% decline top close Thursday at $1.08 a share. Read More
Posted: Jul 6 2023, 19:04
Author Name: Market Watch
Views: 110727

MNK News  

Mallinckrodt discloses grand jury subpoena, makes bankruptcy filing official

By Market Watch
August 28, 2023

Mallinckrodt discloses grand jury subpoena, makes bankruptcy filing official

Mallinckrodt PLC made it official Monday, with the Dublin, Ireland-based drugmaker filing for bankruptcy for the second time in three years after stru more_horizontal

Drugmaker Mallinckrodt files for second bankruptcy in the US

By Reuters
August 28, 2023

Drugmaker Mallinckrodt files for second bankruptcy in the US

Drugmaker Mallinckrodt on Monday said the company and some of its units have filed for a second bankruptcy in 3 years in the U.S., with the newest res more_horizontal

Mallinckrodt stock tumbles on plans to file for Chapter 11 bankruptcy for second time in three years

By Proactive Investors
August 23, 2023

Mallinckrodt stock tumbles on plans to file for Chapter 11 bankruptcy for second time in three years

Mallinckrodt PLC (NYSE:MNK) said it plans to initiate voluntary prepackaged Chapter 11 bankruptcy proceedings in the US in a matter of days to give i more_horizontal

MNK Stock Alert: Mallinckrodt Files for Bankruptcy Again

By InvestorPlace
August 23, 2023

MNK Stock Alert: Mallinckrodt Files for Bankruptcy Again

Mallinckrodt (NYSEMKT: MNK ) stock isn't doing so hot on Wednesday after the pharmaceutical company gets ready for another bankruptcy filing. A press more_horizontal

U.S. drugmaker Mallinckrodt plans to file for bankruptcy protection

By Reuters
August 23, 2023

U.S. drugmaker Mallinckrodt plans to file for bankruptcy protection

Mallinckrodt is planning to start bankruptcy proceedings in the coming days, the U.S. drugmaker said on Wednesday, as it struggles to make required se more_horizontal

Mallinckrodt to file for prepackaged Chapter 11 bankruptcy and cut about $1.9 billion in debt

By Market Watch
August 23, 2023

Mallinckrodt to file for prepackaged Chapter 11 bankruptcy and cut about $1.9 billion in debt

Mallinckrodt PLC MNK, +5.09% said Wednesday it has entered a Restructuring Support Agreement with most of its first and second lien debtholders and th more_horizontal

Drugmaker Mallinckrodt in talks with hedge funds to avoid opioid settlements - WSJ

By Reuters
July 26, 2023

Drugmaker Mallinckrodt in talks with hedge funds to avoid opioid settlements - WSJ

Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids, the Wa more_horizontal

Mallinckrodt stock rises after disclosure of another one-week delay in the $200 million opioid-settlement payment

By Market Watch
July 14, 2023

Mallinckrodt stock rises after disclosure of another one-week delay in the $200 million opioid-settlement payment

Shares of Mallinckrodt PLC MNK, +4.35% rose 5.5% in afternoon trading Friday, after the drugmaker disclosed that it will once again delay the $200 mil more_horizontal


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