Monday July 13, 2020

New formula for success?

There's a new $7.3 billion hostile bid on the table for Elan, but what are the key considerations for its thousands of Irish shareholders, asks Richard Curran.

20th April, 2013
Elan chief executive G Kelly Martin: many observers believe he needs to completely reinvent the company. Photo: Tony O'Shea

Bulletin

After selling Elan's share in Tysabri, its multiple sclerosis drug, Martin is using the €3.25 billion in proceeds to reinvent the firm as a private equity-style acquisition vehicle - a high risk gamble sweetened with a recent €1 billion share buyback

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