Irish High Court Approves Perrigo's $8.6B Elan Buy

Law360, New York (December 13, 2013, 11:41 AM EST) -- The Irish High Court has approved Perrigo Co.'s acquisition of Irish biotechnology company Elan Corp. PLC for $8.6 billion, Perrigo said Friday.

Under the cash-and-stock deal, first announced in July, Perrigo will form an Irish holding company under the same name, which will make the original Perrigo and Elan its subsidiaries. With all regulators satisfied, the companies hope to close the deal Dec. 18.

"We are pleased with the Irish High Court's approval of the scheme of arrangement and expect to close the Elan transaction prior...
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