Publicly held pharmaceuticals firm Questcor has been acquired for $5.6 billion by fellow pharmaceuticals maker Mallinckrodt Pharmaceuticals, the two said late Monday. Mallinckrodt will pay $30.00 in cash and 0.897 of its shares for each share of Questcor's common stock. Questcor had sales of $799M during calendar year 2013. The companies did not say how the acquisition will affect Questcor's employment base in Orange County. Questcor is headquartered in Anaheim.
Top NewsTuesday, April 8, 2014
Questcor Acquired For $5.6 Billion