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Covidien plc Message Board

  • doncassel1 Apr 26, 2013 3:37 PM Flag

    It looks like the spin-off is gonna happen beginning of May.


    The company refrained from providing any guidance for 2013 until the spin-off of the Pharmaceutical unit is complete. It will announce guidance, excluding Pharma, after the market closes on May 3. The company will also provide a separate fiscal 2013 guidance for Mallinckrodt plc on that date.

    Word is investors are jittery about any weakness in Mallinckrodt as a stand alone Co.
    So they're selling now so they don't get stuck with the pharma and then buy back in after the spin-off.


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