Perrigo to acquire Elan for $8.6B

|About: Perrigo Company (PRGO)|By:, SA News Editor

Perrigo (PRGO) to pay $6.25 a share in cash and 0.07636 shares of new Perrigo for each Elan (ELN) share, valuing the latter at $16.50, or a 10.5% premium to its closing price of $14.93 on Friday. (PR)