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- A federal bankruptcy court in New York City has cleared Endo International’s (OTC:ENDPQ) Chapter 11 bankruptcy reorganization plan.
- Nearly all of the company’s assets are sold to a new entity, known as Endo, Inc., which is more than 95% owned by Endo International. first degree debt.
- Endo International (OTC:ENDPQ) said the settlement “will result in a significant reduction in outstanding indebtedness relative to the Company’s current capital structure and resolve substantially all of the Company’s prior litigation.”
- The operation could close as early as April.