December 22, 2017 / 1:16 PM / 10 months ago

BRIEF-Mallinckrodt Says TCJA Is Expected To Have A Neutral To Slightly Positive Impact On Adj Tax Expense Of Co

Dec 22 (Reuters) - Mallinckrodt Plc:

* MALLINCKRODT PLC SAYS TCJA IS EXPECTED TO HAVE A NEUTRAL TO SLIGHTLY POSITIVE IMPACT ON NON-GAAP ADJUSTED TAX EXPENSE OF CO - SEC FILING

* MALLINCKRODT - ASSUMING TCJA IS ENACTED INTO LAW, ESTIMATE TCJA WILL RESULT IN DEFERRED TAX BENEFIT OF $450 MILLION-$500 MILLION TO CO

* MALLINCKRODT - UNDER TCJA, CO’S INTEREST EXPENSE DEDUCTION IN U.S. TO BE LIMITED TO ABOUT 50% OF EBITDA OF U.S. SUBSIDIARIES THROUGH SEPTEMBER 28, 2018

* MALLINCKRODT- UNDER TCJA,INTEREST EXPENSE DEDUCTION IN U.S. EXPECTED TO BE LIMITED TO ABOUT 30% OF EBITDA OF U.S. SUBSIDIARIES THROUGH DEC. 31, 2021 Source text: (bit.ly/2Bz5o99) Further company coverage:

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