Endo, Inc. (“Endo” or the “Company”), a newly formed entity, announces that it has successfully completed the previously announced acquisition of substantially all of the assets of Endo International plc (“EIP”), as contemplated under EIP’s plan of reorganization (the “Plan”). With the Plan’s effectiveness, EIP’s operating assets have exited the Chapter 11 financial restructuring process with significantly reduced outstanding indebtedness and resolution of EIP’s pre-bankruptcy litigation overhang. Following the closing, Endo is poised for sustained growth and is strategically positioned to operate with a strong balance sheet, a broad, diversified portfolio of on-market medicines across its four segments, a deep pipeline of innovative and differentiated product candidates, and a highly skilled team.
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Source: https://www.prnewswire.com/news-releases/endo-inc-completes-acquisition-of-endo-international-plcs-assets-302125220.html