ELAN Corporation is to exercise its option to acquire 100 per cent of the outstanding stock of Advanced Therapeutic Systems (ATS) at $36 (£22) per share at a total cost of $141 million. The transaction will be completed before the end of October and Elan will incur a one time charge of about $141 million in the quarter to September, 1996. ATS was formed in May 1993 and subsequently funded through a rights offering to Elan shareholders.
Elan to exercise ATS option
ELAN Corporation is to exercise its option to acquire 100 per cent of the outstanding stock of Advanced Therapeutic Systems (…
From maternity leave to remote working: Submit your work-related questions here
Listen to Inside Business podcast for a look at business and economics from an Irish perspective
Sign up to the Business Today newsletter for the latest new and commentary in your inbox
Spare us all those wasteful double consonants (Troy Parrott excepted)
Dancing with the Stars review: The latest celeb exits, but the real losers are the viewers
Gardaí appeal for witnesses after teenager shot in Ballymun
Irish player tracker: Troy Parrott to the rescue for AZ and ex-Sligo star off mark in Scotland
The Irish Times view on the Dublin airport cap: the situation remain unstable
Business Today
Get the latest business news and commentary from our expert business team in your inbox every weekday morning