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Stock Market & Financial Investment News

News Breaks
December 5, 2012
16:49 EDTELNElan announces December 14 as record date of proposed demerger
Elan Corporation announced that it has established 11:59 p.m. Dublin time on December 14 as the record date in connection with its previously announced separation of a substantial portion of its drug discovery business into a new independent, publicly traded company, Prothena Corporation, which separation will be effected pursuant to a demerger under Irish law.
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