{"id":32603,"date":"2023-07-07T09:06:33","date_gmt":"2023-07-07T13:06:33","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/mallinckrodt-open-to-proposed-transactions-as-it-struggles-to-pay-opioid-settlement-stock-rallies\/"},"modified":"2023-07-07T09:06:34","modified_gmt":"2023-07-07T13:06:34","slug":"mallinckrodt-open-to-proposed-transactions-as-it-struggles-to-pay-opioid-settlement-stock-rallies","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=32603","title":{"rendered":"Mallinckrodt open to proposed transactions as it struggles to pay opioid settlement; stock rallies"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002253278\" role=\"document\">\n<p>Mallinckrodt PLC<br \/>\n        MNK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/236389321\/composite\" class=\"negative\">-5.26%<\/bg-quote><br \/>\n       shares surged in the extended session Thursday after the Dublin-based drug maker and distributor said it was open to proposed transactions as it keeps delaying a payment under an opioid settlement. Shares rallied as much as 15%, and were last up around 9% in late Thursday activity, following a 5.3% decline top close Thursday at $1.08 a share. Mallinckrodt said its board is \u201cactively evaluating the company\u2019s capital needs in light of its obligations under its opioid settlement and its long-term debt, and is considering options, including transactions that have been proposed by holders of various series of the company\u2019s indebtedness and other company stakeholders, as well as the viewpoints of various parties in interest.\u201d Last week, the company made a late interest payment, as it tries to keep up with payments in a $1.7 billion settlement, and delayed the payment of $200 million once again because of its capital position and financial obligations.  <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/mallinckrodt-open-to-proposed-transactions-as-it-struggles-to-pay-opioid-settlement-stock-rallies-555b179?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mallinckrodt PLC MNK, -5.26% shares surged in the extended session Thursday after the Dublin-based drug maker and distributor said it was open to proposed transactions as it keeps delaying a payment under an opioid settlement. Shares rallied as much as 15%, and were last up around 9% in late Thursday activity, following a 5.3% decline [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-32603","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mallinckrodt open to proposed transactions as it struggles to pay opioid settlement; stock rallies | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Mallinckrodt PLC MNK, -5.26% shares surged in the extended session Thursday after the Dublin-based drug maker and distributor said it was open to proposed\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=32603\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mallinckrodt open to proposed transactions as it struggles to pay opioid settlement; stock rallies | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Mallinckrodt PLC MNK, -5.26% shares surged in the extended session Thursday after the Dublin-based drug maker and distributor said it was open to proposed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=32603\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-07T13:06:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-07T13:06:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/MW-GP644_MicroS_ZG_20180906154215.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32603#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32603\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Mallinckrodt open to proposed transactions as it struggles to pay opioid settlement; 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