Elan Corp. (ELN) announced Monday morning that it has received a proposal from Royalty Pharma to be acquired for US$11 for every Elan Share and every Elan ADS.
Elan has gapped open sharply higher this morning and is now up 0.93 at $11.53 on above average volume. The stock has risen to a 5-month high and has re-crossed its 200-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.