Elan Corp (ELN) Could Be Worth $19 in a Takeout - Jefferies

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Go back to Elan Corp (ELN) Could Be Worth $19 in a Takeout - Jefferies

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

Elan Corp (ELN) Shareholders Approve Buyback; Three Transactions Voted Down (THRX)

June 17, 2013 6:29 AM EDT

Elan Corporation, plc (NYSE: ELN) (Elan or the Company) announces that, at its Extraordinary General Meeting held earlier today, shareholders approved the Share Repurchase Program.

Shareholders did not approve the Theravance (Nasdaq: THRX) Transaction, the AOP Transaction or the... More

Moody's Adjusts Outlook on Elan (ELN) from Stablet to Developing; Affirms Ratings

June 14, 2013 2:28 PM EDT

Moody's Investors Service revised the outlook on Elan Corporation, plc (NYSE: ELN) to developing from stable. At the same time Moody's affirmed Elan's existing ratings including the Ba3 Corporate Family Rating, the Ba2-PD Probability of Default Rating and the SGL-1 Speculative Grade Liquidity rating.

Ratings affirmed:

Elan Corporation, plc:

Ba3 Corporate Family Rating

Ba2-PD Probability of Default Rating

SGL-1 Speculative Grade Liquidity Rating

Elan Finance, plc:

Ba3 (LGD4, 65%) senior unsecured notes
... More