Alkermes plc ALKS today announced the pricing of an
underwritten public offering of 21,000,000 ordinary shares held by a
subsidiary of Elan Corporation, plc (“Elan”) at a price to the public of
$16.50 per share. Alkermes will not receive any proceeds from the offering and
its total number of ordinary shares outstanding will not change as a result of
the offering. In addition, Elan has granted the underwriters a 30-day option
to purchase up to an additional 3,150,000 ordinary shares. The offering is
expected to close on or about March 13, 2012, subject to customary closing
conditions. Citigroup, Jefferies & Company, Inc. and Morgan Stanley are acting
as joint book-running managers.
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