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Elan Corporation, plc Message Board

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  • dlip831@sbcglobal.net dlip831 Jan 24, 2013 9:50 AM Flag

    PRTA shares............................

    with the spinoff, all holders of elan stock were given 1 share of prta for every 41 shares of eln they held.

    • It was kind of you not to mention that Elan pumped around $11 into PRTA for each PRTA share given to Elan shareholders. Since PRTA shares are only worth around $6, it seems like it might have benefited Elan shareholders more had Elan instead issued Elan shareholders a dividend amounting to that $11 and simply shut down the R&D ops.

 

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