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home / news releases / mallinckrodt soars 47 on deal to delay 200m opioid p

MNK - Mallinckrodt soars 47% on deal to delay $200M opioid payment

Mallinckrodt plc

2023-06-16 16:01:32 ET

  • Mallinckrodt closed up 47% on Friday after brokering a deal to delay by a week a $200M payment related to an opioid settlement.
  • Under the filing, a payment originally due Friday to the Opioid Master Disbursement Trust II is now due on June 23.
  • The SEC filing also noted that the company may file for bankruptcy "in the near term or later."
  • Mallinckrodt ( NYSE: MNK ) on Thursday closed down 35% after saying it would not make interest payments on two bonds .

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Mallinckrodt soars 47% on deal to delay $200M opioid payment
Stock Information
Company Name: Mallinckrodt plc
Stock Symbol: MNK
Market: NYSE
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