Reuters logo
Irish drug company Elan puts itself up for sale
June 14, 2013 / 1:31 PM / 4 years ago

Irish drug company Elan puts itself up for sale

DUBLIN, June 14 (Reuters) - Irish drug company Elan said on Friday it will start a formal sale process in light of expressions of interest received to date.

Royalty Pharma, which has made a hostile bid of up to $8 billion for Elan, will be invited to participate if it so wishes, Elan said in a statement.

Elan urged its shareholders not to tender into Royalty’s current offer.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below