Give credit where due - Ireland's Elan (ELN)
has always been willing to take dramatic steps in the hope of improving
ultimate returns to shareholders. The latest move is a doozy -
basically splitting the company into an early-stage research-driven
biotech and a cash-farming collection of assets. Odd as it may seem,
this may be a case where breaking up a company results in parts worth
more than the whole.
Please continue here:
Elan's Split Will Create 2 Very Different Companies
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