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  4. Drugmaker Endo files for bankruptcy, lenders to take control
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Drugmaker Endo files for bankruptcy, lenders to take control

(Reuters) -Endo International Plc filed for bankruptcy protection on Tuesday that will allow some of the U.S. drugmaker's lenders to take control in a $6 billion deal, after the...
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(Reuters) -Endo International Plc filed for bankruptcy protection on Tuesday that will allow some of the U.S. drugmaker's lenders to take control in a $6 billion deal, after the company struggled with litigation over its alleged role in the country's opioid epidemic.

The company's Chapter 11 bankruptcy filing in the Southern District of New York showed assets and liabilities in the range of $1 billion to $10 billion.

Endo also reached a deal with U.S. state attorneys general to provide $450 million over a period of 10 years, according to the office of Massachusetts AG.

The company has been discussing the possibility of filing for bankruptcy protection in several recent filings.

In June, the drugmaker missed a $38 million interest payment, amid discussions with a group of unsecured bondholders who had urged the company to avoid filing for bankruptcy.

Tuesday's settlement is joined by the attorneys general of Arizona, Colorado, Illinois, Indiana, Michigan and Minnesota, among others.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

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Moving Avg:

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Sell (12)

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EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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GBP/USD

1.2475

-0.0015 (-0.12%)

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↑ Sell

Moving Avg:

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Sell (12)

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Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

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Buy (9)

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Silver Futures

26.677

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Copper Futures

4.5305

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85.62

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S&P 500

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DAX

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Hang Seng

17,763.03

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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