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Elan Corporation (ELN)
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ELN » Topics » premium for their shares.

This excerpt taken from the ELN 6-K filed Sep 29, 2009.
premium for their shares.

We are a party to agreements that may discourage a takeover attempt that might be viewed as beneficial to our shareholders who wish to receive a premium for their shares from a potential bidder. For example:

 
•
our collaboration agreement with Biogen provides Biogen with an option to buy the rights to Tysabri in the event that we undergo a change of control, which may limit our attractiveness to potential acquirers;

 
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until June 20, 2010, Biogen and its affiliates are, subject to limited exceptions, restricted from, among other things, seeking to acquire or acquiring control of us; and

 
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under the terms of indentures governing much of our debt, any acquirer would be required to make an offer to repurchase the debt for cash in connection with some change of control events.

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