Alkermes plc ALKS today announced that it has commenced
an underwritten public offering, subject to market and other conditions, of
13,900,000 ordinary shares held by a subsidiary of Elan Corporation, plc
(“Elan”), pursuant to an effective shelf registration statement. As part of
the offering, Elan intends to grant the underwriters a 30-day option to
purchase up to an additional 2,085,000 ordinary shares. Alkermes will not
receive any proceeds from any such offering and its total number of ordinary
shares outstanding will not change as a result of the offering. Citigroup,
Jefferies & Company, Inc. and Morgan Stanley are acting as joint book-running
managers. Berenberg Bank and Cowen & Company LLC are co-managers for the
offering.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in