m_and_a
confidence high
sentiment neutral
materiality 0.75
Endo shareholders approve combination with Mallinckrodt; deal targets close weeks after Irish court hearing
Endo LP
- Transaction Proposal passed with 61,792,120 votes for (99.86%), 89,452 against.
- Mallinckrodt also obtained shareholder approval; Irish High Court hearing expected in July.
- Combined company will be headquartered in Dublin; Siggi Olafsson named CEO.
- Plan to combine generics and sterile injectables, then separate later subject to board approval.
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