|By Marketwired .||
|July 31, 2013 06:20 AM EDT||
SUGAR LAND, TX -- (Marketwired) -- 07/31/13 -- Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- After fending off a series of hostile takeover attempts, Irish biotech company Elan Corporation (NYSE:ELN) (Dublin, Ireland) accepted the Perrigo Company's (NASDAQ:PRGO) (Allegan, Michigan) $8.6 billion offer. By becoming an "Irish" company, over-the-counter (OTC) king Perrigo could slash its tax liabilities in half.
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