Elan strikes more deals, agrees second share buyback

[riky]

Elan strikes more deals, agrees second share buyback

<p><a href="http://news.yahoo.com/elan-eyes-more-deals-1-billion-warchest-061212486.html"><img src="http://l3.yimg.com/bt/api/res/1.2/1MDzVoC7RGdkW72HZ4EWmg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-20T061212Z_1_CBRE94J0H8L00_RTROPTP_2_CBUSINESS-US-ELAN.JPG" width="130" height="86" alt="Kelly Martin, President and CEO of Elan, speaks at the Reuters Health Summit in New York" align="left" title="Kelly Martin, President and CEO of Elan, speaks at the Reuters Health Summit in New York" border="0" /></a>By Padraic Halpin DUBLIN (Reuters) - Irish drug firm Elan agreed on Monday to buy two private drug firms, spin-off its one experimental drug and buy back more shares to give a firmer idea of how the company will be reconfigured as shareholders weigh up a takeover bid. The Irish company has rejected a $5.7 billion bid from U.S. investment firm Royalty Pharma and is trying to convince shareholders to do the same by returning cash and going on a spending spree that began with a $1 billion royalties deal just a week ago. ...</p><br clear="all"/>

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