Replies to post #156577 on Biotech Values

[jbog]

ghmm,

I think Eln probably dropped today because for about seventy-five cents more Biogen could have bought Elan outright.

The buyout hopes are shattered.

[ghmm]

ELN:

Royalty Pharma Announces Proposal To Acquire Elan


http://finance.yahoo.com/news/royalty-pharma-announces-proposal-acquire-084900243.html

Royalty Pharma is proposing, on an indicative basis, to make an offer for Elan (the "Possible Offer") of US$11[1] for every Elan Share and every Elan ADS.

Seems Royalty Pharma was thinking along the same lines I was