Navigation Links
Royalty Pharma Chairman Writes Open Letter to Elan Board
Date:6/17/2013

NEW YORK, June 17, 2013 /PRNewswire/ -- Royalty Pharma announced today that Rory Riggs, Chairman and Co-Founder of the Royalty Pharma group, is sending the following open letter to the Board of Directors of Elan Corporation, plc (NYSE: ELN):

To the Board of Directors of Elan Corporation:

As you know, Elan's shareholders appear poised to decisively reject the Theravance Transaction and AOP Transaction at today's EGM*.  By rejecting what we believe were hastily-arranged, value-destructive transactions, Elan shareholders are sending you a clear message rejecting your "strategic plan" for Elan.  Your shareholders want you to maximize shareholder value and they want you to do it now.

Given this clear message from your shareholders, I was disappointed that you and your advisers rejected our advisers' efforts to engage with you this past weekend regarding a potential negotiated transaction structured, subject to any required consent of the Irish Takeover Panel, as a recommended scheme of arrangement. 

A scheme of arrangement has the potential to allow the contingent value right ("CVR") included in our Further Increased Offer to become transferable, which many of your shareholders have told us would make our offer even more attractive.

We welcome that you are now contemplating a sale of Elan but urge you to engage with Royalty Pharma today, rather than undertaking a lengthy, and we think likely fruitless, effort to find a buyer willing to offer more than we are.

We believe Elan's shareholders should view your announcement of a sale process, and the likelihood that any such sale process will yield a better offer than Royalty Pharma's, with some skepticism for a number of reasons, including:

  • As a result of Royalty Pharma's announcement of its interest in Elan in February 2013, Elan has effectively been
    '/>"/>

SOURCE Royalty Pharma
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11

Related medicine technology :

1. Royalty Pharma Announces Offer May Lapse (Be Withdrawn)
2. PDL BioPharma Provides Second Quarter 2013 Royalty Revenue Guidance of $143 Million
3. Royalty Pharma Files Judicial Review Proceedings
4. Royalty Pharma Posts Investor Presentation Summarizing Further Increased Offer For Elan
5. Royalty Pharma Statement Regarding Withdrawal of Elan Lawsuit
6. Royalty Pharma Urges Elan Shareholders to Vote AGAINST ALL FOUR Elan Resolutions Today
7. Royalty Pharma Acceptances Announcement
8. Royalty Pharma Responds To Elans Tysabri Valuation
9. Royalty Pharma Response To Elans "Categorical View On Value"
10. Royalty Pharma Recommends Elan Shareholders vote "NO" on each of the Elan Resolutions at the Elan extraordinary general meeting
11. Royalty Pharma Issues Investor Presentation Highlighting The Strategic And Financial Advantages Of Its Offer To Acquire Elan For $12.50 Per Share In Cash
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/25/2014)... --  Metanome, Inc. , a Houston ... was the genomic sequencing provider for Seres Health,s ( ... of SER 109, an Ecobiotic® therapeutic for the treatment ... (CDI). Metanome has provided genomic sequencing services ... Such genomic characterization has enabled the study of the ...
(Date:10/25/2014)... Oct. 24, 2014  As the building blocks ... company access to diverse skill sets and expertise, ... clock business hours for efficiency. However, effectively managing ... According to recent research, more than ... seeing a project not move forward due to ...
(Date:10/22/2014)... October 22, 2014 Investor-Edge has ... (NASDAQ: FOLD ), Progenics Pharmaceuticals Inc. (NASDAQ: ... THLD ), Idera Pharmaceuticals Inc. (NASDAQ: ... research on these five companies can be accessed at: ... 2014, the NASDAQ Composite ended at 4,419.48, up 2.40%, ...
Breaking Medicine Technology:Metanome Selected as Metagenomics Provider for Seres Health Clinical Trial 2Work Around the Clock: Successfully Building & Managing Global Virtual Teams 2Market Momentum on Biotech Stocks - Amicus Therapeutics, Progenics Pharma, Threshold Pharma, Idera Pharma, and Merrimack Pharma 2Market Momentum on Biotech Stocks - Amicus Therapeutics, Progenics Pharma, Threshold Pharma, Idera Pharma, and Merrimack Pharma 3Market Momentum on Biotech Stocks - Amicus Therapeutics, Progenics Pharma, Threshold Pharma, Idera Pharma, and Merrimack Pharma 4Market Momentum on Biotech Stocks - Amicus Therapeutics, Progenics Pharma, Threshold Pharma, Idera Pharma, and Merrimack Pharma 5
... PASADENA, Calif., April 23, 2012 The herpes zoster vaccine, ... well tolerated according to a Vaccine Safety Datalink study of ... Medicine. More than 1 million people develop ... painful contagious rash caused by the dormant chickenpox virus which ...
... /PRNewswire-iReach/ -- Global Information Inc. is pleased to ... healthcare conferences around the globe: World ... European healthcare systems may be diverse, but the all ... in common by health systems across the entire world, ...
Cached Medicine Technology:Shingles Vaccine is Safe, According to New Study 2Shingles Vaccine is Safe, According to New Study 3Shingles Vaccine is Safe, According to New Study 4Attendees Save Up To $800 on Global Healthcare Conferences in 2012 by Registering Through Global Information Inc. 2Attendees Save Up To $800 on Global Healthcare Conferences in 2012 by Registering Through Global Information Inc. 3
(Date:10/22/2014)... 21, 2014 (HealthDay News) -- The United States ... from Ebola-affected nations of West Africa land at ... for infection with the virus. In a ... noted that 94 percent of air passengers from ... one of these five airports -- New York ...
(Date:10/22/2014)... The Louis W. Sullivan Institute ... distribute health information technology innovation to transform quality ... development of six key guiding principles of patient-centered ... These are an expansion of the Institute of ... is respectful of and responsive to individual patient ...
(Date:10/22/2014)... With the Affordable Care Act (ACA) open enrollment ... Institutes for Research (AIR) finds that three out of four ... but 42 percent say they are not likely or only ... for coverage. , The AIR survey found wide gaps in ... calculate correctly how much they owe for a routine doctor’s ...
(Date:10/22/2014)... (PRWEB) October 22, 2014 Best Cheap ... in the world. The site has recently announced that ... hosting supplier for people from around the world. , ... in operation today and is providing various kinds of ... the company insists on offering excellent customer service and ...
(Date:10/22/2014)... 22, 2014 Losing Weight Your Body’s Way ... staring you in the face, it certainly can be difficult ... your body an extra favor by doing it the healthy ... diets. Instead, listen to your body, exercise regularly, and choose ... essential to losing weight; you need to exercise more and ...
Breaking Medicine News(10 mins):Health News:Passengers From Ebola-Affected Countries Must Land at Designated U.S. Airports 2Health News:Passengers From Ebola-Affected Countries Must Land at Designated U.S. Airports 3Health News:The Sullivan Institute for Healthcare Innovation Announces Release of Guiding Principles for Patient Experience-Centered Care 2Health News:Many Americans Fail to Ask Basic Questions Before Signing Up for Health Insurance, National Survey Finds 2Health News:Many Americans Fail to Ask Basic Questions Before Signing Up for Health Insurance, National Survey Finds 3Health News:Many Americans Fail to Ask Basic Questions Before Signing Up for Health Insurance, National Survey Finds 4Health News:Best Cheap Hosting USA Has Recently Announced The Best Cheap Web Hosting Companies In 2014 2Health News:ReductionGuruMD Presents Ways to Improve Your Weight Loss Results 2
... Goodman: Bill Contains All the Bad Ideas from Previous Versions ... The Democrats, health care reform bill currently on the floor of the ... the private market and force as many as 119 million people to ... according to National Center for Policy Analysis President John C. Goodman. , ...
... , BRIDGEWATER, N.J., July 15 ... today the release of an Expert Statement by ... assessment of the recent publications of registry analyses with Lantus(R) ... of international specialists in the field of endocrinology, oncology and ...
... , , WILMINGTON, Del., July ... can now answer five simple questions to determine if their ... research project to create the Test for Respiratory and Asthma ... asthma-control assessment test specifically for patients under five years of ...
... , , BUFFALO, N.Y., July 15 ... (IT) solutions and services company, announced today that it was named ... 100 largest healthcare IT providers, the Healthcare Informatics 100 (HCI 100). ... 2008 revenue for the healthcare provider market. In addition to other ...
... TRAVERSE CITY, Mich., July 15 Versus Technology, ... 2009 Worldwide Partner Conference. The Versus Real-Time Locating Solution ... Systems, within the newly released Windows 7 environment during ... breakout session on Wednesday, July 15, 2009. This ...
... , AMSTERDAM and SAN DIEGO, July ... announced today that it has reached an agreement to acquire the ... therapeutic hypothermia, which involves the management of a patient,s body temperature. ... CXM ), will be acquired in an asset purchase transaction ...
Cached Medicine News:Health News:House Democrat's Health Care Reform Bill Is a 1,018-Page Nightmare 2Health News:Expert Statement Issued about Lantus(R) Following Recent Publications in Diabetologia 2Health News:Expert Statement Issued about Lantus(R) Following Recent Publications in Diabetologia 3Health News:Expert Statement Issued about Lantus(R) Following Recent Publications in Diabetologia 4Health News:Expert Statement Issued about Lantus(R) Following Recent Publications in Diabetologia 5Health News:New Five-Question Test Helps Assess Asthma Control in Children Under Five Years of Age 2Health News:New Five-Question Test Helps Assess Asthma Control in Children Under Five Years of Age 3Health News:New Five-Question Test Helps Assess Asthma Control in Children Under Five Years of Age 4Health News:CTG Named to Healthcare Informatics Annual Ranking of the Top 100 Healthcare IT Providers 2Health News:CTG Named to Healthcare Informatics Annual Ranking of the Top 100 Healthcare IT Providers 3Health News:Versus Technology, Inc. Partners With Microsoft(R) To Promote Health Care Automation in Windows 7 Computing Environments 2Health News:Versus Technology, Inc. Partners With Microsoft(R) To Promote Health Care Automation in Windows 7 Computing Environments 3Health News:Philips Expands Emergency Healthcare Offering With Acquisition of InnerCool Therapies, a Leader in Body Temperature Management 2Health News:Philips Expands Emergency Healthcare Offering With Acquisition of InnerCool Therapies, a Leader in Body Temperature Management 3
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
Medicine Products: