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Malvern-based Endo International is officially up for bidding. A U.S. Bankruptcy Court has approved the auction, and bidding procedures can begin at $6 billion, writes John George for the Philadelphia Business Journal. The sale hearing for this year is set for Aug. 31, in New York City. Bidders have a deadline to submit their interest by June 13. But ... All 2,861 employees of Endo International must also be offered employment as part of the agreement. According to the pharmaceutical company. Wonder if that hinders any kind of potential deal. Interesting.
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