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DewDiligence

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DewDiligence

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Re: DewDiligence post# 17959

Thursday, 02/07/2019 1:47:13 PM

Thursday, February 07, 2019 1:47:13 PM

Post# of 29359
Re: ELAN’s pending full separation from LLY

LLY plans to divest its remaining ownership of ELAN via a share-swap tender offer (as PFE did with ZTS). Compared to an outright distribution, the swap offer is beneficial for ELAN insofar as LLY’s ELAN shares end up in the hands of only those investors who want them.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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