BioCentury on BioBusiness,
Elan shareholders must choose between management's deal flurry or $6.4B payout
Royalty pain or gain
Monday, May 27, 2013
Corp. plc shareholders have a lot to consider before a June 17 meeting
to decide the fate of the biotech. Investors can walk away after pocketing the
$6.4 billion proposed by suitor Royalty
Pharma, or stick with Elan in the hopes that the company's new
royalty-backed business model will ultimately provide a better return.
Elan kicked off last week
announcing three deals on the same day, as well as a $200 million share buyback
and a note deal that priced at $850 million three days later.
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