UPDATE: Forest Laboratories Inc. (FRX) to Bid for Elan (ELN)
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Elan Corp (ELN) Could Be Worth $19 in a Takeout - Jefferies
June 18, 2013 7:11 AM EDTJefferies boosted its price target dramatically on takeover target Elan Corp (NYSE: ELN) from $14 to $19, while reiterating their Buy rating. The firm seeks to answer the 4 main questions on the minds of investors: (1) Who is going to buy ELN? (2) What is the price? (3) How long will the process take? and (4) Will a transaction actually get done?
Analyst Corey Davis comments:
"On Friday, management indicated that they had received "expressions of interest" in a potential acquisition of the company and... More
