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Endo is planning to sell itself to its senior lender group, which is owed nearly $6 billion and which includes investment firms Oaktree Capital Management, Silver Point Capital, and Bain Capital.

A group of hedge funds, including Greenwich and Silver Point Capital, is in negotiations with Mallinckrodt's board to give them control of the business through a bankruptcy filing, according to people familiar with the discussions, the report said.

Debenhams has struggled for years and was placed in administration for the second time in a year in April by its owners led by U.S. hedge fund Silver Point Capital.

Last April, Debenhams fell into the hands of its lenders, comprising a group of banks and hedge funds led by US firm Silver Point Capital, after struggling for years to keep up with competition from rivals.

The department store chain fell into the hands of its lenders last April, a group of banks and hedge funds led by US firm Silver Point Capital, after struggling for years to keep up with the competition.