Seeking Alpha

Perrigo to acquire Elan for $8.6B

  • 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)
Comments (1)
  • That is $8.5 billion. (PRGO) only has market cap of $12.6 billion. Might be good time to buy (PRGO), as chart is very impressive. http://yhoo.it/16eFIGu;c=

     

    Expect it to take 6 months to integrate (ELN).
    29 Jul 2013, 08:44 AM Reply Like
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