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Apr 22, 2013
 |  BC Week In Review  |  Company News  |  Deals

Elan, Royalty Pharma deal

Elan used $1 billion to repurchase 88.9 million shares, or about 14.8%, at $11.25 in a Dutch auction. The price was at the low end of the company's $11.25-$13 proposed range and is a 2% discount to Elan's close of $11.42 on March 7, the day before the auction was announced. Elan repurchased about 82 million shares tendered by its largest shareholder,...

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