US drugmaker Perrigo to buy Elan for $8.6 billion, plans to move base to low-tax Ireland

  • by: SHAWN POGATCHNIK , Associated Press
  • Updated: July 29, 2013 - 7:35 AM

DUBLIN — U.S. drugmaker Perrigo agreed Monday to buy Ireland's Elan for $8.6 billion in a deal that should allow the rapidly growing company to reduce its tax bill and boost its royalty stream.

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