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Elan valued at $5.4bn as J&J buys 18.4pc stake
Friday July 03 2009
The investment of $1bn in drugmaker Elan by US giant Johnson & Johnson (J&J) for an 18.4pc stake in the company values the Irish firm at about $5.4bn.
Elan hopes dissident board members will strengthen company
Saturday June 13 2009
Drugmaker Elan has nominated two dissidents to its 15-member board, including a major shareholder who has called for the ouster of the Irish drugmaker's chief executive.
Elan closer to finding a strategic partner
Friday June 12 2009
Drugmaker Elan, which is seeking to sell a stake in itself, is nearing the end of its strategic review and expects to reach an agreement within the next year, chief executive Officer Kelly Martin said.
Pfizer is linked to bid for Elan
Sunday June 07 2009
PFIZER is the latest major drug company to be linked with a bid for Elan, the €2.7bn-valued firm led by Kelly Martin (above).
Shares rise on takeover rumours
Friday June 05 2009
Irish shares rose for the fourth session in a row yesterday as takeover speculation swirled around Elan and Dragon Oil.
Drugs firm denies talks about deal with Elan
Tuesday June 02 2009
Bristol-Myers Squibb is not in talks to buy a stake in Irish drug maker Elan Corporation, analysts at UBS said yesterday.
US job losses help push price of crude down to $39
Friday December 19 2008
Oil continued its downward march yesterday as mass layoffs pushed the US economy deeper into recession, signalling a drastic pullback on energy spending.
In brief: Lufthansa / TUI merger talks fail
Thursday October 23 2008
Talks between Europe's second-largest airline, Lufthansa, and TUI about a possible merger of their low-cost units have failed.
In brief: H&M posts 2pc fall in retail sales
Thursday October 16 2008
Swedish fashion retailer H&M, which has seven stores in Ireland, posted a 2pc year-on-year fall in sales last month.
In brief: New position for Dynamics' Kelly
Tuesday August 05 2008
Financial Dynamics executive Declan Kelly has been appointed executive vice president and chief integration officer at FTI Consulting, the US business advisory firm. In his new position, he will take responsibility for the global integration of FTI's existing businesses and acquisitions.
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