Elan Corporation PLC Puts Itself Up for Sale

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Irish drug company Elan (ELN.I) said on Friday it will start a formal sale process in light of expressions of interest received to date. Royalty Pharma ROYPH.UL, which has made a hostile bid of up to $8 billion for Elan, will be invited to participate if it so wishes, Elan said in a statement.

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