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Mallinckrodt Plc completes acquisition of Questcor Pharmaceuticals


Thursday, 14 Aug 2014 04:30pm EDT 

Mallinckrodt Plc:Completes acquisition of Questcor Pharmaceuticals, Inc. in a cash and stock transaction valued at about $5.8 bln.Acquisition is expected to be immediately accretive to Mallinckrodt's fiscal 2014 adjusted diluted earnings per share and significantly accretive to adjusted diluted earnings per share in fiscal 2015.Under terms of merger agreement, Questcor shareholders will receive $30.00 in cash and 0.897 of Mallinckrodt ordinary share for each Questcor share.