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ARTICLE | Financial News

Elan divesting Alkermes shares

March 9, 2012 12:45 AM UTC

Elan Corp. plc (NYSE:ELN) divested a 16% stake, or about $346.5 million, in Alkermes plc (NASDAQ:ALKS). Elan sold 21 million Alkermes shares at $16.50 in a registered offering underwritten by Citigrou...