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Elan (ELN +1.3%) spiked a bit just before the close after Reuters reported Allergan (AGN +1.2%)...

Elan (ELN +1.3%) spiked a bit just before the close after Reuters reported Allergan (AGN +1.2%) and Forest Labs (FRX +0.3%) remain interested in the company, which will seek first-round bids next week. Mylan and Endo Health are reportedly no longer interested. Allergan and Forest are said to be considering bids due to Ireland's low corporate tax rates. (previous)
Comments (3)
  • Chris DeMuth Jr.
    , contributor
    Comments (4109) | Send Message
     
    This would be an easy deal for AGN or FRX to justify.
    12 Jul 2013, 04:27 PM Reply Like
  • richardod
    , contributor
    Comments (69) | Send Message
     
    AGN has a large manufacturing plants already in Ireland over 1000 employees, FRX also has a large unit in Ireland. Plenty of highly skilled workforce now in Ireland looking for work must make it the best location in the world now.
    12 Jul 2013, 04:34 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5436) | Send Message
     
    "Allergan and Forest are said to be considering bids due to Ireland's low corporate tax rates."

     

    See!!!!!!!!! It is the high U.S. corporate tax rates that are holding companies from investing in America. Raise the individual tax rate and lower the corporate tax rate. I would like a comparison of Germany's individual and corporate tax rates with America's. And no, you can't say that some people already pay 50% in taxes after factoring gas tax and sales tax.
    12 Jul 2013, 07:51 PM Reply Like
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