Elan Corp PLC (ELN)

[HAK41]

Press Release is out as of 2:00 AM ET ( 7:00 AM Dublin Time ), relative to a merger of Alkermes and the Elan Technology Unit, forming a new entity called Alkermes plc, headquartered in Dublin.
The transaction of $ 960 million will throw approximately $ 500 million in cash plus Alkermes shares into Elan's coffers.
The merger should be finalized later this year..........
could be an interesting day for ELN shares today.
:)