m_and_a
confidence high
sentiment positive
materiality 0.80
Mallinckrodt and Endo shareholders approve merger; Irish High Court sanction next
Keenova Therapeutics plc
- All Mallinckrodt shareholder resolutions passed unanimously (100% for, 0 against) at Court and Extraordinary General Meetings.
- Endo shareholders also approved the combination; deal is a stock-and-cash transaction.
- Mallinckrodt to seek Irish High Court confirmation in July; closing targeted weeks after sanction hearing.
- Post-closing, combined company plans to separate generic pharma and sterile injectables businesses at a later date.
item 5.07item 8.01item 9.01