Covidien (NYSE:COV): Closing price $62.25
On Tuesday, Covidien announced that Mallinckrodt will to apply to list its ordinary shares on the New York Stock Exchange to trade under the symbol MNK. The former intends to spin off its Pharmaceuticals division into Mallinckrodt, which will be a stand-alone firm, a process that should be completed in mid-2013.
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