which will be based in Dublin

New Perrigo, valued at $16.50 per share,[url=http://www.yodasblog.com/]louboutin outlet[/url], will be based in Ireland
ALLEGAN, Mich.,[url=http://www.51guomi.com/]jimmy choo uk[/url], July 29 () -- U.S. healthcare products giant Perrigo said Monday it would buy Irish biotechnology corporation Elan for $6.7 billion in a stock and cash transaction.Perrigo, which has its headquarters in Allegan, Mich., said the merger was predicted to erase $150 million in redundant operating costs. The terms of the deal include a payment of $6.25 in cash for every Elan share plus 0.07636 shares of New Perrigo.That would value each Elan share at $16.50, based on the closing price of Perrigo shares on July 26,[url=http://www.spa-gesundheit.com/]michael kors outlet online[/url], the company said in a statement.The prices is a 10.5 percent premium based on pricing after the July 26 close of markets.The deal will result in a company, which will be based in Dublin, Ireland,[url=http://www.tiluband.com/]moncler outlet[/url], the company said. It will be called New Perrigo "or a variant thereof," the companies said."We believe the combination of Perrigo and Elan will create and industry-leading global healthcare company," said Perrigo Chairman and Chief Executive Officer Joseph Papa.

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