The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:** Specialty pharmaceuticals company Mallinckrodt Plc said it would purchase pain drug maker Cadence Pharmaceuticals Inc for about $1.3 billion to expand in the hospital market, where Cadence's products are widely used.
Cadence Pharmaceuticals, Inc. operates as a biopharmaceutical company. Shares of CADX traded higher by 26.47% or $2.93/share to $14.00. In the past year, the shares have traded as low as $4.45 and as high as $12.69. On average, 980039 shares of CADX exchange hands on a given day and today's volume is recorded at 82656592.
Mallinckrodt public limited company (Mallinckrodt) is a global specialty pharmaceuticals company. Shares of MNK traded higher by 11.6% or $6.88/share to $66.19. In the past year, the shares have traded as low as $41.00 and as high as $61.77. On average, 714997 shares of MNK exchange hands on a given day and today's volume is recorded at 7594119.
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