Wall Street Reacts Coolly to Endo-Mallinckrodt Deal
Endo and Mallinckrodt, two drugmakers seeking to recover from opioid lawsuits and bankruptcies, are betting a combination will help. Investors took a dim view Thursday.
Shares of Endo fell more than 4% on Thursday after the company said it would merge with Mallinckrodt in a $6.7 billion deal including debt. (After emerging from bankruptcy, Dublin-based Mallinckrodt became a privately held company.)
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