Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan

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Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan

Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan
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Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan

by Wochit 0:55 mins

Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan

by Wochit 0:55 mins

Two people familiar with the situation said that Forest Laboratories Inc, the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among a handful of companies interested in bidding for Irish drugmaker Elan Corp. A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lactalis to acquire its North American cheesemaking division by $151 million, a move that will please minority shareholders. After a months-long battle between Dish and SoftBank over Sprint, the satellite company abandons its $25.5 billion bid for the wireless carrier to focus on "completing the Clearwire tender offer."

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