Elan (ELN) says it's unloading its remaining 7.75M share stake in Alkermes (ALKS). The sale will...

|About: Elan Corporation, plc (ELN)|By:, SA News Editor

Elan (ELN) says it's unloading its remaining 7.75M share stake in Alkermes (ALKS). The sale will be made through Jefferies, and is expected to close on February 6. ELN received 31.9M shares in September, 2011, after merging its drug technology business with ALKS. It sold the first tranche of 24.15M shares back in March, 2012.