Recent

% | $
Quotes you view appear here for quick access.

Covidien plc Message Board

  • doncassel1@rocketmail.com 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.

    Don

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
COV
106.71-1.36(-1.26%)Jan 26 4:01 PMEST