The news item was paraphrased from a report on ELN by RBC dated today.
The subject was what will ELN do with their cash and NOLS.
They gave 6 scenarios of which the 5th, mentioning AVNR, was deemed most likely.
This is the relevant excerpt from the report:
"• Scenario 5 - most likely: We could see ELN buy and roll up synergistic
assets that could potentially include companies such as QCOR, ACOR and
AVNR. Hypothetically, we could see $3.5B to $4.0B in acquisitions (while
keeping the $600M of debt) drive a topline of $850M+ and also enable ELN
to reduce operating costs by 50% ($500M currently). This scenario would
better leverage its low corporate-tax structure (we see savings of ~$60M) and
generate net income of ~$600M (or $1.00/share) while Tysabri royalties
($200M+) would cover base operating expenses and interest charges."