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    DRX   IE0003072950

ELAN CORPORATION LTD

(DRX)
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Elan wins shareholder approval to complete Perrigo sale

11/18/2013 | 05:35am EDT

DUBLIN (Reuters) - Ireland's Elan (>> Elan Corporation, plc) won approval from shareholders on Monday to complete the sale of the company to U.S. drugmaker Perrigo (>> Perrigo Company), clearing the way for the deal to be completed by the end of the year.

DUBLIN (Reuters) - Ireland's Elan (>> Elan Corporation, plc) won approval from shareholders on Monday to complete the sale of the company to U.S. drugmaker Perrigo (>> Perrigo Company), clearing the way for the deal to be completed by the end of the year.

Perrigo agreed to buy the Dublin-based group for $8.6 billion (5.3 billion pounds) in July in a deal that will hand it tax savings from being domiciled in Ireland and royalties from blockbuster multiple sclerosis treatment Tysabri.

The deal ended a bitter takeover battle in which Elan rejected three lower bids from U.S. investment firm Royalty Pharma <ROYPH.UL>.

(Reporting by Padraic Halpin; editing by Keiron Henderson)

Stocks treated in this article : Elan Corporation, plc, Perrigo Company

ę Reuters 2013
Stocks mentioned in the article
ChangeLast1st jan.
ELAN CORPORATION LTD -0.39% 12.71 End-of-day quote.0.00%
ROYALTY PHARMA PLC -4.79% 36.64 Delayed Quote.-23.08%
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Elan Corporation Ltd Technical Analysis Chart | DRX | IE0003072950 | MarketScreener
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