Bracebridge Capital In Amended 13D, Reported 15.3% Stake In Mallinckrodt As Of August 23; Bracebridge Entered Into A Bilateral Agreement With Mallinckrodt Which Generally Obligates Reporting Persons To Support Mallinckrodt's Restructuring
Portfolio Pulse from Charles Gross
Bracebridge Capital has reported a 15.3% stake in Mallinckrodt as of August 23. The firm has entered into a bilateral agreement with Mallinckrodt, obligating it to support the company's restructuring efforts.
August 25, 2023 | 10:14 am
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POSITIVE IMPACT
Bracebridge Capital's 15.3% stake and support for restructuring could potentially stabilize Mallinckrodt's financial situation.
Bracebridge Capital's significant stake and commitment to support Mallinckrodt's restructuring efforts could provide the necessary financial stability and confidence for the company's future. This could potentially lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100