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Mallinckrodt falls 6.8%, plans guidance update for Tuesday morning

Oct. 05, 2015 5:15 PM ETMallinckrodt plc (MNKTQ) StockBy: Jason Aycock, SA News Editor5 Comments
  • Biopharma Mallinckrodt (NYSE:MNK), down 1.8% after hours, is planning a business and financial guidance update for tomorrow morning.
  • The company will give recast historical info showing its reclassification of its contrast media and delivery systems (CMDS) business as discontinued operations after agreeing to sell it to Guerbet for $270M in July. That deal is set to close in fiscal Q1 2016.
  • A conference call to discuss the guidance, featuring a Q&A session, is set for 7:30 a.m. ET tomorrow.
  • Shares fell 6.8% during market hours today.

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