Notable Mergers and Acquisitions of the Day 7/2: JNJ/ELN, FCSX/I...

Courtesy StreetInsider.com News Articles  Thu, 07/02/2009 - 07:43

StreetInsider.com Notable Mergers and Acquisitions of the Day:

  • Johnson & Johnson (NYSE: JNJ) and Elan Corporation plc (NYSE: ELN) announced a definitive agreement whereby Johnson & Johnson will acquire substantially all of the assets and rights of Elan related to its Alzheimer's Immunotherapy Program (AIP Program), through a newly formed company.

    In addition, Johnson & Johnson, through its affiliate, will invest $1 billion in Elan in exchange for newly issued American Depositary Receipts (ADRs) of Elan which will represent...


 

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