UPDATE: Forest Laboratories Inc. (FRX) to Bid for Elan (ELN)

June 19, 2013 1:48 PM EDT
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(Updated - June 19, 2013 1:53 PM EDT)

Forest Laboratories Inc. (NYSE: FRX) is among a handful of companies interested in bidding on Elan (NYSE: ELN), according to Reuters sources. The report cited two people familiar with the situation who asked not to be identified.

Shares of ELN are up 4.5% on the headlines.

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