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  • acricketeer acricketeer Jul 3, 2003 9:24 AM Flag

    Elan gets another 65 million from Ligan

    Good sign for bondholders who want their interest (and their principal). Remember, LGND was a $5 stock not too long ago. They're getting more (around $10.35) than what they insisted on in the last tranche (around $9). This transaction had to be pre-arranged, otherwise LGND shares would have been decimated.