Shares in Elan Corporation surged by as much as 20 per cent on Tuesday amidst rumours that the Danish drugmaker Lundbeck was preparing a bid for the group.
Lundbeck and Elan declined to comment.
COMPANIES
Elan shares soar on bid rumours
By John O’Doherty
Published: May 5 2009 17:24 | Last updated: May 5 2009 17:24
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