Sucampo Pharmaceuticals closes on its $1.2B sale to a U.K. company

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Rockville-based Sucampo Pharmaceuticals Inc. has officially been sold to U.K. pharmaceutical giant Mallinckrodt PLC. The $1.2 billion deal, including debt, closed Tuesday after more than 50 percent of Sucampo's (NASDAQ: SCMP) shares were tendered in favor of the deal by 8 a.m. That satisfied the minimum requirements for the purchase to be consummated, so it didn't need to move to a stockholder vote. As a result, Sucampo shares stopped trading Tuesday on the Nasdaq exchange and the company now...

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