The shareholders of Elan Corp. plc have approved the company's acquisition by Perrigo Co.


Elan, Perrigo, acquisition, Ireland, scheme of arrangement


















































































































































































































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Elan shareholders OK sale to Perrigo

November 18th, 2013

DUBLIN, Ireland – The shareholders of Elan Corp. plc have approved the company's acquisition by Perrigo Co.

Ireland-based Elan said Monday that the approval came via two special meetings of shareholders: a special court-ordered meeting and an extraordinary general meeting. In both meetings, the shareholder votes were virtually unanimous in favor the agreement.

The pharmaceutical companies announced the $8.6 billion deal in late July. 

Plans call for Allergan, Mich.-based Perrigo to acquire Elan by means of a scheme of arrangement under Irish law. A new holding company incorporated in Ireland will be formed and acquire Elan in a stock-and-cash transaction.

Pending the approval of the Irish High Court, the transaction is expected to close by the year's end.

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