In Brief: Mallinckrodt
This article was originally published in The Gray Sheet
Executive Summary
Mallinckrodt: Completes cash purchase from Proctor & Gamble of laboratory, process, and microelectronic chemicals manufacturer J.T. Baker. The deal, valued at $100 mil. including assumption of debt, covers all J.T. Baker's operations worldwide. With annual sales of about $140 mil., Baker will "approximately double the size" of Mallinkrodt's performance and laboratory division...