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Stock impact report

Mallinckrodt Completes Divestiture of Therakos® Business [Yahoo! Finance]

Medtronic plc. Ordinary Shares (MDT) 
Last medtronic plc. ordinary shares earnings: 2/18 06:45 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.medtronic.com
Company Research Source: Yahoo! Finance
The company will use the net proceeds to pay down debt, which is expected to reduce its net debt by more than 60%. The sale is part of Mallinckrodt's strategy to optimize its capital structure and focus on its key strengths and capabilities. Net Proceeds to Reduce the Company's Net Debt by More Than 60% DUBLIN Dec. 2, 2024 /PRNewswire/ -- Mallinckrodt plc (" Mallinckrodt " or the "Company"), a global specialty pharmaceutical company, today announced that it has completed the previously announced sale of its Therakos business to CVC Capital Partners Fund IX for a purchase price of $925 million before customary adjustments. Siggi Olafsson , President and Chief Executive Officer, said, "We are pleased to complete this transaction, which provides Therakos with an ideal partner to invest in its continued growth and advances our strategic priorities to optimize our capital structure and concentrate on our key strengths and capabilities. We thank the entire Therakos team for their comm Show less Read more
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