Royalty In 'Wait-And-See' Mode With $6.3B Elan Tender Offer
Royalty's $12.50-per-share tender offer had been set to expire on Thursday. But one of its closing conditions is that Elan shareholders reject an alternative, "go-it-alone" strategy at a June 17 vote, and extending the offer through June 21 keeps Royalty's options open.
It also pushes any decision until after a June 11...
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