Amarin Corp Plc (AMRN)

[AtlasSnuggled]

ELN sold http://www.finviz.com/quote.ashx?t=eln&ty=c&ta=1&p=d

http://www.reuters.com/article/2013/07/29/elan-idUSL6N0FZ0MY20130729?feedType=RSS&feedName=basicMaterialsSector&rpc=43

U.S. drugmaker Perrigo to buy Ireland's Elan for $8.6 bln
Perrigo to pay $6.25 per share in cash, $10.25 in stock

ELN previous data
Market Cap 7.99B
Income -532.60M
Sales 56.70M
Book/sh 3.83
Cash/sh 3.66


"Forest Laboratories had also been in contention.

"Elan is especially appealing for companies like Perrigo that can easily move their headquarters abroad because of the very low 12.5 percent corporate tax rate in Ireland, compared with 35 percent in the United States.

"Papa said the deal meant that Perrigo - which will fund the deal using $4.35 billion in bridge financing from Barclays and HSBC plus cash - would lower its effective tax rate to the high teens from around 30 percent currently.

"Fellow generic drugmaker Actavis' $5 billion acquisition of Dublin-based Warner Chilcott in May allowed it lower its tax rate to 17 percent from 28 percent.