Mallinckrodt shares are trading higher following a report suggesting the company is considering bankruptcy as part of a plan to avoid opioid payments.
Portfolio Pulse from Bill Haddad
Mallinckrodt is reportedly considering bankruptcy as a strategy to avoid opioid payments. This news has led to an increase in the company's share prices.
July 26, 2023 | 4:32 pm
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Mallinckrodt's shares are trading higher following reports of the company considering bankruptcy to avoid opioid payments.
The news of Mallinckrodt considering bankruptcy as a strategy to avoid opioid payments has led to an increase in the company's share prices. This is because bankruptcy could potentially shield the company from significant financial liabilities, which is perceived positively by the market in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100