target company
- n a company that has been chosen as attractive for takeover by a potential acquirer
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- Royalty pursuing hostile bid for Elan, fights Irish panel ruling
NEW YORK (Reuters) - Royalty Pharma, pursuing a hostile $8 billion takeover of Irish drugmaker Elan Corp Plc, moved on Tuesday to make sure it is not blocked by a potential $200 million share buyback and drug spinoff at the target company. Elan, which has been resisting the advances of the U.S. investment firm for more than three months, rejected a sweetened takeover offer on Monday and said for ...
June 11, 2013 - Reuters via Yahoo! News