Johnson & Johnson (JNJ) Unloads Entire Elan (ELN) Stake; Says Not Tied to Royalty Pharma Bid

Go back to Johnson & Johnson (JNJ) Unloads Entire Elan (ELN) Stake; Says Not Tied to Royalty Pharma Bid

Klarman's Baupost Sells 2M Shares of Elan (ELN)

June 18, 2013 6:54 AM EDT

Seth Klarman's Baupost Group filed 8.3 paperwork on takeover target Elan (NYSE: ELN) under Irish takeover law. The hedge fund showed a 7.1 million share stake, or 1.39% of the outstanding shares. This is down from the 9.1 million share stake held at the end of the last quarter.... More

Royalty Pharma Calls News of Elan (ELN) Sales Process 'Frustrating Tactic'

June 14, 2013 1:40 PM EDT

Royalty Pharma notes today's announcement by Elan Corporation, plc (NYSE: ELN) that it intends to explore a sale of the Company. Royalty Pharma believes it to be a clear frustrating tactic that offers shareholders no certainty that a deal will ever be reached. Royalty Pharma calls on holders of ordinary shares to vote today AGAINST all four resolutions... More