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DewDiligence

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DewDiligence

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Re: DewDiligence post# 173700

Tuesday, 02/11/2014 7:27:14 AM

Tuesday, February 11, 2014 7:27:14 AM

Post# of 257262
MNK acquires CADX for $14/sh, a 26% premium to yesterday’s closing price:

http://finance.yahoo.com/news/mallinckrodt-plc-acquire-cadence-pharmaceuticals-120000298.html

CADX’s claim to fame is Ofirmev, an IV formulation of acetaminophen for hospital use. The nominal deal value is $1.3B. MNK was the 2013 pharma spin-off from COV, which was itself spun off from Tyco in 2007.

CC at 8:30am ET.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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