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Perrigo to acquire Irish biotechnology company Elan for $8.6 billion

9:00 AM MDT | July 29, 2013 | Deepti Ramesh

Health-care products firm Perrigo (Allegan, MI) and biotechnology company Elan (Dublin) say that they have entered into a definitive agreement under which Perrigo will acquire Elan for about $8.6 billion. At the close of the transaction, Perrigo and Elan will be combined under New Perrigo, a new company incorporated in Ireland. New Perrigo, which is expected to be called Perrigo Co. or a variant thereof, will be led by Perrigo’s current leadership team. The proposed transaction, which has been unanimously approved by the respective boards of directors of...

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