Tuesday, April 8, 2014

Questcor Acquired For $5.6 Billion

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.

---