Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan

Now watching

Next video starts in : 7 Play

Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan

Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan
Replay video
Up next

Scotland stays; Ellison leaves; Alibaba gets ready for its close up

Scotland stays; Ellison leaves; Alibaba gets ready for its close up Up next

Scotland stays; Ellison leaves; Alibaba gets ready for its close up

Unlock your personal NFL Now stream by signing in to NFL.com

Acquisition Latest News: Forest Keen to Bid for Irish Drugmaker Elan Elan

Wochit 0:55 mins

Two people familiar with the situation said that Forest Laboratories Inc, the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among a handful of companies interested in bidding for Irish drugmaker Elan Corp. A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lactalis to acquire its North American cheesemaking division by $151 million, a move that will please minority shareholders. After a months-long battle between Dish and SoftBank over Sprint, the satellite company abandons its $25.5 billion bid for the wireless carrier to focus on "completing the Clearwire tender offer."

View Comments (0)