Tri-City Voice Newspaper - What's Happening - Fremont, Hayward, Milpitas, Newark, Sunol and Union City, California


June 3, 2009 > Elan is in talks to sell stake

Elan is in talks to sell stake

Submitted By AP Wire Service

NEW YORK (AP), May 30 _ Bristol-Myers Squibb Co. is vying for a minority stake in Elan Corp. and could eventually take over the Irish biotech firm, The Wall Street Journal reported, citing people familiar with the matter.

An agreement could be reached as early as next week, and include board representation and an ability to take control of the company later, the Journal said in a report published on its Web site Saturday, citing one of the people.

Elan, with a market value of about $3.3 billion, has said it needs a partner with the cash and size to help it develop and market drugs, the newspaper said.

Neither company would comment on the report, the newspaper said.

Home        Protective Services Classifieds   Community Resources   Archived Issues  
About Us   Advertising   Comments   Subscribe   TCV Store   Contact

Tri Cities Voice What's Happening - click to return to home page

Copyright © 2018 Tri-City Voice