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Drugmaker Mallinckrodt files for second bankruptcy in US

Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan that would cut $1 billion from what it owes to victims of the opioid crisis. The New York Stock Exchange said it has suspended trading in Mallinckrodt's ordinary shares with immediate effect and has commenced proceedings to delist them from the exchange. Mallinckrodt, which makes both branded and generic drugs, had first filed for bankruptcy in 2020 to address its high

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Mallinckrodt Second Bankruptcy Would Cut $1 Billion From Opioid Settlement

Drugmaker Mallinckrodt said Wednesday it expects to file for a second bankruptcy in the coming days, after reaching a debt reduction deal that would cut

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Drugmaker Mallinckrodt to File Second Bankruptcy in Three Years

Drugmaker Mallinckrodt to File Second Bankruptcy in Three Years
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Mallinckrodt plans to file for bankruptcy protection — again

The company has entered into a restructuring agreement, which will help it to reduce its total debt by about $1.9 billion.

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Mallinckrodt plc Enters into Restructuring Support Agreement with Key Stakeholders on the Terms of a Prepackaged Financial Restructuring Plan

Agreement Supported by a Substantial Majority of Each of its First and Second Lien Debtholders and Opioid Trust Financial Restructuring Plan to Significantly.

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