Newly independent Mallinckrodt invests in headquarters

Company officials said the move could bring 150 new jobs to the Hazelwood facility, KTVI reports. Mallinckrodt was spun off by Covidien and traded as a independent public company on the New York Stock Exchange for the first time Monday under the “MNK” symbol.

Mallinckrodt, which is led by Mark Trudeau, reported sales of $2 billion in 2012 and expects up to 11 percent sales growth in its first year as a stand alone company.

[St. Louis Business Journal]