Elan Corporation PLC Announces Expiration of Asset Sale Offer to Purchase up to $186,000,000 of 8 7/8% Senior Fixed Rate Notes Due 2013 and Floating Rate Notes Due 2013

DUBLIN--(BUSINESS WIRE)--Elan Corporation, plc (“Elan”) (NYSE:ELN) today announced the expiration and final results of the previously announced asset sale offer to purchase up to $186,000,000 aggregate principal amount of the 8 7/8% Senior Fixed Rate Notes due 2013 (the “2013 Fixed Rate Notes”) and the Floating Rate Notes Due 2013 (the “2013 Floating Rate Notes” together with the 2013 Fixed Rate Notes, the “2013 Notes”) issued by Elan’s wholly-owned subsidiaries, Elan Finance public limited company (“Elan Finance”) and Elan Finance Corp. (“Elan Corp” and together with Elan Finance, the “Co-Issuers”). The asset sale offer expired at 11:59 p.m., New York City time, on September 29, 2010, (the “Expiration Date”).

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