- Mallinckrodt (MNK) has agreed to acquire Cadence Pharmaceuticals (CADX) for $1.3B.
- Mallinckrodt is offering $14.00 a share, which represents a 32% premium to Cadence's trailing 30-trading-day volume weighted average price of $10.62.
- Cadence closed yesterday at $11.07; premarket trading has been halted. (PR)
Mallinckrodt to buy Cadence Pharmaceuticals for $1.3B
Feb 11 2014, 07:08 ET